Bank of America just raised its EUR/USD forecast
Peter Sack, the Chief Executive Officer of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN), recently increased his holdings in the company through a series of stock acquisitions. According to a Form 4 filing with the Securities and Exchange Commission, Sack purchased a total of 200 shares of common stock on April 8 and April 10, 2025. The company, currently valued at $246 million, maintains a strong financial health score of 2.84 (GOOD) according to InvestingPro data. The shares were acquired at prices ranging from $10.82 to $10.98, amounting to a total investment of $2,180.
Additionally, Sack received 3,118 shares through an in-kind distribution from Chicago Atlantic Loan Portfolio, LLC, for no consideration, as noted in the filing. Following these transactions, Sack's total direct ownership in Chicago Atlantic BDC increased to 3,418 shares.
In other recent news, Chicago Atlantic BDC Inc. reported a strong financial performance for Q4 2024, showing significant growth in investment income and a notable dividend increase. Gross investment income rose to $12.7 million, a substantial increase from $3.7 million in the same quarter of the previous year. The company declared a 36% higher dividend of $0.34 per share, reflecting its strategic focus on high-yield investments. Additionally, Chicago Atlantic BDC closed a $100 million credit facility, which it plans to deploy in the coming quarters. The company maintains a high yield on debt investments at 16.5%, above the industry average. Analysts have taken note of the firm's unique position in the cannabis lending market and its expansion into non-cannabis sectors. The company has also highlighted its robust pipeline of potential investments totaling $644 million. These developments underscore Chicago Atlantic BDC's continued focus on diversifying its investment portfolio and expanding its lending operations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.