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Peter Sack, the Chief Executive Officer of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN), a company known for its impressive 13% dividend yield according to InvestingPro data, recently purchased 500 shares of the company’s common stock. The transaction, which took place on May 19, 2025, was executed at a price of $10.42 per share, amounting to a total value of $5,210. Following this acquisition, Sack’s direct ownership in the company stands at 3,968 shares. This move reflects an increase in his personal investment in the firm, which has demonstrated strong financial performance with a 152% revenue growth and maintains a healthy P/E ratio of 9.1x. InvestingPro analysis reveals several more key insights about Chicago Atlantic’s financial health and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Chicago Atlantic BDC Inc reported its financial results for the first quarter of 2025, demonstrating a strong performance despite a decrease in gross investment income. The company achieved net investment income of $7.6 million, translating to earnings per share of $0.34. During the quarter, Chicago Atlantic BDC closed a new $100 million credit facility, which provides additional liquidity for future investments. The firm maintains its focus on cannabis lending, a niche that differentiates it from other business development companies (BDCs).
Chicago Atlantic BDC’s gross investment income was reported at $11.9 million, down from $12.7 million in the previous quarter. The company’s net assets stood at $31 million, with a net asset value per share of $13.19. Ladenburg Thalmann noted that Chicago Atlantic BDC’s weighted average yield on debt investments was significantly higher than the BDC average, at 16.6%. The company plans to maintain its quarterly dividend of $0.34 per share, aiming for consistent returns to shareholders. In terms of future outlook, the firm remains vigilant about potential federal regulatory changes that could impact the cannabis industry.
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