Redburn Atlantic upgraded shares of Chicago Atlantic BDC (NASDAQ:LIEN - Free Report) to a hold rating in a report issued on Tuesday, April 22nd,Zacks.com reports.
Separately, Oppenheimer started coverage on shares of Chicago Atlantic BDC in a research note on Tuesday, April 22nd. They set a "market perform" rating on the stock.
Get Our Latest Analysis on Chicago Atlantic BDC
Chicago Atlantic BDC Trading Down 0.6 %
Chicago Atlantic BDC stock traded down $0.06 during mid-day trading on Tuesday, reaching $10.61. The company had a trading volume of 7,831 shares, compared to its average volume of 10,776. Chicago Atlantic BDC has a 52 week low of $9.71 and a 52 week high of $13.38. The stock's 50 day simple moving average is $11.30. The stock has a market cap of $242.12 million, a price-to-earnings ratio of 16.08 and a beta of 0.27.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. The company had revenue of $12.65 million during the quarter, compared to the consensus estimate of $11.00 million. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. On average, equities research analysts predict that Chicago Atlantic BDC will post 0.76 EPS for the current year.
Chicago Atlantic BDC Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 12.82%. The ex-dividend date was Friday, March 28th. Chicago Atlantic BDC's dividend payout ratio is 222.95%.
About Chicago Atlantic BDC
(
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Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.
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