John Mazarakis, a director and 10% owner of Chicago Atlantic BDC, Inc., has acquired 60,000 shares of the company's common stock. The shares were purchased at a weighted-average price of $9.44, with a total value of $566,400. This acquisition comes as the stock trades at a P/E ratio of 6.84, with shares down 1.4% year-to-date. Following these transactions, Mr. Mazarakis directly holds 60,000 shares of common stock. He is also deemed to be an indirect beneficial owner of 2,887,204 shares held by Chicago Atlantic BDC Advisers, LLC, and 241,204 shares held by CA Credit SPV, LLC.
Recent Company Performance
Chicago Atlantic BDC reported a decline in its second-quarter net investment income compared to the previous quarter, with net investment income of $7.7 million, or $0.34 per share. Despite this decline, the company maintained its dividend at $0.34 per share for the eighth consecutive quarter. The company highlighted a substantial pipeline and strong credit quality as positive factors for its future and is planning a merger with Chicago Atlantic Real Estate Finance.
