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Umesh Mahajan, Secretary and Co-Chief Investment Officer of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN), recently acquired additional shares of the company. The business development company, currently valued at $242 million, trades at a P/E ratio of 11.5 and offers an attractive dividend yield of ~13%. On April 10, Mahajan purchased a total of 600 shares of common stock in two separate transactions. The shares were bought at prices ranging from $10.73 to $10.78 per share, amounting to a total investment of $6,443. Following these transactions, Mahajan now holds 600 shares directly. According to InvestingPro, the stock is trading near its 52-week low of $10.00, with strong liquidity metrics showing current assets significantly exceeding short-term obligations. For deeper insights and additional analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Chicago Atlantic BDC Inc. reported a strong financial performance in its Q4 2024 earnings call. The company’s gross investment income surged to $12.7 million, a significant increase from $3.7 million in the previous year, highlighting its strategic focus on cannabis and non-cannabis lending markets. Additionally, Chicago Atlantic BDC declared a 36% increase in dividends, raising it to $0.34 per share. The company also closed a $100 million credit facility, which it plans to deploy in 2025 to expand its lending operations. Ladenburg Thalmann research noted that Chicago Atlantic BDC maintains a high yield on debt investments at 16.5%, above the industry average. The company operates with no leverage and no non-accruals, positioning itself favorably compared to other business development companies (BDCs). The firm’s net assets were reported at $301.2 million, with a net asset value per share of $13.20. These developments reflect Chicago Atlantic BDC’s commitment to maintaining a diversified portfolio and strategic capital deployment.
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