Chicago Atlantic BDC, Inc. reported results; made a public disclosure
SEC 8-KRead source ↗
Chicago Atlantic BDC, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders5 buying, 0 selling18 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
- Funds28 adding, 14 cuttingOf 6 active managers that changed their stake, 5 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Several insiders buying shares: 5 insiders bought shares in the open market in the past 90 days, according to their Form 4 filings.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Chicago Atlantic BDC, Inc.'s latest figures clears our strength thresholds.
Things to watch
- Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
- Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
Latest results
- Earnings per share
- $0.34 against an average estimate of $0.40: missed by 15.0%
- Share reaction
- -1.9% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
- Next report
- November 12, 2026; average EPS estimate $0.38
Price chart
- 1 day-0.1%
- 1 week-0.1%
- 1 month-4.1%
- This year-2.2%
- 1 year+2.2%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Earnings
- Last results
- August 13, 2026
- Next results (est.)
- November 12, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Results
No model value for Chicago Atlantic BDC, Inc. at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.
Valuation models
We value Chicago Atlantic BDC, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.61 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | — | No model applies: the filings don’t yet support a value. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Chicago Atlantic BDC, Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 12, 2026, before the open. Analysts expect revenue of $15m and EPS of $0.38 (range $0.38 to $0.38) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.50 | +4% | $61m | +13% |
| Next | $1.64 | +9% | $68m | +10% |
Next year's EPS estimate has moved −2.4% in 90 days, across 2 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −10.4% on 90 days ago. In the last 30 days, 0 analysts raised Chicago Atlantic BDC, Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.68 | $1.68 |
| 60 days ago | $1.68 | $1.68 |
| 30 days ago | $1.62 | $1.68 |
| 7 days ago | $1.62 | $1.68 |
| Now | $1.50 | $1.64 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.40 | $0.34 | −15.0% |
| Mar 2026 | $0.35 | $0.44 | +23.9% |
| Dec 2025 | $0.36 | $0.36 | 0.0% |
| Sept 2025 | $0.35 | $0.42 | +20.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 0.6% of tradable shares
- Days to cover
- 1.12 at average volume
- Short interest, 1 month
- −38% to October 15, 2026
- Held by institutions
- 30% of shares
- Held by insiders
- 1.0% of shares
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|
| Return | ||||
| LIEN | −1% | +59% | −4% | −2% |
| Industry peers (median) | +19% | +15% | −4% | −6% |
| S&P 500 | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||
| LIEN | 50% | 50% | 33% | 36% |
| S&P 500 | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||
| LIEN | −23% | −11% | −20% | −14% |
| S&P 500 | −10% | −8% | −19% | −9% |
Worst fall since February 4, 2022: 47% from March 11, 2022 to July 25, 2023. Getting back needed a 88% gain, reached on June 18, 2024, 329 days after the low.
Price behaviour
- 52-week range
- $8.43 – $10.04
- From 52-week high
- −9.3%
- vs 50-day average
- −4.7%
- vs 200-day average
- −1.4%
- Volatility (1 year)
- 22%
- Beta vs S&P 500
- 0.09
Share price after results
- Next day
- 5 up, 7 down typical move ±2.2%
- After a week
- 6 up, 6 down typical move ±3.8%
- After a month
- 6 up, 6 down typical move ±4.2%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 13, 2026 | −1.9% | +0.5% | +0.8% | +4.9% |
| May 14, 2026 | +6.9% | −0.4% | +8.3% | +9.9% |
| March 19, 2026 | −1.9% | −1.7% | −2.8% | −0.7% |
| November 13, 2025 | +1.5% | −1.7% | +6.0% | +9.0% |
| August 14, 2025 | +5.7% | −0.2% | +3.1% | +5.5% |
| May 14, 2025 | +0.3% | +0.6% | +5.5% | +1.1% |
| May 2, 2025 | −1.6% | +0.9% | −5.0% | −0.9% |
| March 31, 2025 | −2.9% | +1.0% | −6.9% | −8.3% |
| March 18, 2025 | −0.8% | 0.0% | −2.5% | −5.2% |
| November 8, 2024 | −0.5% | +0.5% | +1.7% | +0.7% |
| October 22, 2024 | +0.3% | −1.0% | −0.1% | −1.0% |
| August 9, 2024 | −2.6% | +0.5% | −3.1% | −3.7% |
Fundamentals
Who owns it
Funds buying and selling- Reported value
- $35M
- Institutions reporting
- 48
- Shares held vs prior quarter
- ▼ 4.4%
- Positions opened / closed
- 13 / 8
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Intrepid Capital Management Inc | $7.4M | 756K | 21.1% | 0.0% |
| Sowell Financial Services LLC | $5M | 511K | 14.3% | ▲ 3.6% |
| Mirae Asset Global Etfs Holdings Ltd. | $1.9M | 190K | 5.3% | ▲ 4.1% |
| Corient Private Wealth LP | $1.8M | 189K | 5.3% | ▼ 50.4% |
| Cdc Financial, Inc. | $1.7M | 177K | 5.0% | ▲ 11.1% |
| Condor Capital Management | $1.6M | 164K | 4.6% | ▲ 1.4% |
| Lvm Capital Management Ltd | $1.6M | 161K | 4.5% | 0.0% |
| Hightower Advisors, LLC | $1.5M | 156K | 4.4% | ▼ 10.2% |
| Partners Capital Investment Group, LLP | $1.4M | 145K | 4.1% | New |
| Black Maple Capital Management LP | $1.3M | 131K | 3.7% | 0.0% |
| Raymond James Financial Inc | $939,200 | 96K | 2.7% | New |
| Citadel Advisors LLC | $861,216 | 88K | 2.5% | ▲ 45.8% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Chicago Atlantic BDC, Inc.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $1.2M 18 trades by 5 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $1.2M net buying
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Colonna Bernardino President | August 31, 2026 | Buy | 750 | $10.25 | $7,688 |
| Gordon Scott Co-Chief Investment Officer | August 31, 2026 | Buy | 134 | $10.22 | $1,369 |
| Colonna Bernardino President | August 28, 2026 | Buy | 250 | $10.18 | $2,545 |
| Gordon Scott Co-Chief Investment Officer | August 27, 2026 | Buy | 5,000 | $10.19 | $50,950 |
| Colonna Bernardino President | August 27, 2026 | Buy | 600 | $10.18 | $6,108 |
| Gordon Scott Co-Chief Investment Officer | August 26, 2026 | Buy | 2,483 | $10.15 | $25,202 |
| Colonna Bernardino President | August 26, 2026 | Buy | 600 | $10.16 | $6,096 |
| Gordon Scott Co-Chief Investment Officer | August 25, 2026 | Buy | 250 | $10.12 | $2,530 |
| Colonna Bernardino President | August 25, 2026 | Buy | 400 | $10.18 | $4,072 |
| Gordon Scott Co-Chief Investment Officer | August 24, 2026 | Buy | 1,520 | $10.11 | $15,367 |
| Gordon Scott Co-Chief Investment Officer | August 21, 2026 | Buy | 195 | $9.95 | $1,940 |
| Gordon Scott Co-Chief Investment Officer | August 20, 2026 | Buy | 7,500 | $9.70 | $72,750 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced
- August 13, 2026
- May 14, 2026
- March 19, 2026
- November 13, 2025
- August 14, 2025
- May 14, 2025
Recent SEC filings
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- DEF 14A Proxy statement
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Chicago Atlantic BDC, Inc. in brief
- What does Chicago Atlantic BDC, Inc. do?
- Chicago Atlantic BDC, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
- What is Chicago Atlantic BDC, Inc.'s stock ticker?
- Chicago Atlantic BDC, Inc. trades under the ticker LIEN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Chicago Atlantic BDC, Inc.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Intrepid Capital Management Inc, Sowell Financial Services LLC and Mirae Asset Global Etfs Holdings Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Are insiders buying or selling Chicago Atlantic BDC, Inc. stock?
- Over the last 12 months, Chicago Atlantic BDC, Inc.'s directors and officers reported 18 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
- When is Chicago Atlantic BDC, Inc.'s next earnings date?
- Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Chicago Atlantic BDC, Inc. announces its own schedule.
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