Chicago Atlantic BDC (NASDAQ:LIEN) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Chicago Atlantic BDC (NASDAQ:LIEN) issued its earnings results on Monday. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06, Zacks reports. The firm had revenue of $12.65 million for the quarter, compared to the consensus estimate of $11.00 million. Chicago Atlantic BDC had a return on equity of 3.80% and a net margin of 32.69%.

Chicago Atlantic BDC Stock Performance

Chicago Atlantic BDC stock traded down $0.14 during mid-day trading on Tuesday, hitting $11.11. 31,527 shares of the company’s stock were exchanged, compared to its average volume of 8,841. Chicago Atlantic BDC has a 1-year low of $9.50 and a 1-year high of $13.38. The business has a 50 day moving average price of $11.70. The firm has a market capitalization of $69.05 million, a PE ratio of 16.83 and a beta of 0.24.

Chicago Atlantic BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 12.24%. The ex-dividend date is Friday, March 28th. Chicago Atlantic BDC’s dividend payout ratio is presently 206.06%.

Chicago Atlantic BDC Company Profile

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.