Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Valuation
- About
LIEN 
Chicago Atlantic BDC, Inc. (LIEN)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
01/06/2026: LIEN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $11
1 Year Target Price $11
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 3.74% | Avg. Invested days 43 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/06/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 237.45M USD | Price to earnings Ratio 5.91 | 1Y Target Price 11 |
Price to earnings Ratio 5.91 | 1Y Target Price 11 | ||
Volume (30-day avg) 1 | Beta 0.22 | 52 Weeks Range 8.81 - 11.17 | Updated Date 01/6/2026 |
52 Weeks Range 8.81 - 11.17 | Updated Date 01/6/2026 | ||
Dividends yield (FY) 13.14% | Basic EPS (TTM) 1.76 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 62.61% | Operating Margin (TTM) 63.71% |
Management Effectiveness
Return on Assets (TTM) 9.75% | Return on Equity (TTM) 17.13% |
Valuation
Trailing PE 5.91 | Forward PE 6.94 | Enterprise Value 226985872 | Price to Sales(TTM) 4.5 |
Enterprise Value 226985872 | Price to Sales(TTM) 4.5 | ||
Enterprise Value to Revenue 6.2 | Enterprise Value to EBITDA - | Shares Outstanding 22820590 | Shares Floating - |
Shares Outstanding 22820590 | Shares Floating - | ||
Percent Insiders 0.46 | Percent Institutions 30.07 |
Upturn AI SWOT
Chicago Atlantic BDC, Inc.
Company Overview
History and Background
Chicago Atlantic BDC, Inc. (NASDAQ: ACAT) is a Business Development Company (BDC) that invests in a diversified portfolio of debt and equity investments in middle-market companies, primarily in the cannabis industry and related ancillary businesses. The company was founded in 2018. It aims to generate current income and capital appreciation through its investment strategies.
Core Business Areas
- Investment Strategy: Focuses on providing senior secured loans, unitranche facilities, and other debt instruments to middle-market companies. It also considers opportunistic equity investments.
- Target Industries: Primarily targets companies within the legal cannabis sector, including cultivators, processors, retailers, and ancillary service providers. It also diversifies into other industries to mitigate risk.
Leadership and Structure
Chicago Atlantic BDC, Inc. is managed by its external investment adviser, Chicago Atlantic Group, LLC. The BDC operates under a board of directors that oversees its investment activities and corporate governance.
Top Products and Market Share
Key Offerings
- Product Name 1: [object Object]
- Product Name 2: [object Object]
- Product Name 3: [object Object]
Market Dynamics
Industry Overview
The Business Development Company (BDC) sector is a niche within the financial services industry, providing capital to middle-market companies that may not have access to traditional public markets or large bank loans. The cannabis industry, a key focus for ACAT, is a rapidly evolving and highly regulated sector experiencing significant growth, but also facing considerable uncertainty and risk due to federal prohibition in the US.
Positioning
Chicago Atlantic BDC, Inc. positions itself as a specialized lender to the cannabis and related industries, aiming to capture high yields due to the perceived risk. Its diversification into other sectors aims to balance this specialized focus. Its competitive advantages include its specialized knowledge of the cannabis market and its ability to provide flexible financing solutions.
Total Addressable Market (TAM)
The TAM for middle-market debt financing is substantial, estimated in the trillions of dollars globally. For the cannabis industry specifically, while growing rapidly, precise TAM figures are fluid and depend on regulatory changes and market maturation. Chicago Atlantic BDC, Inc. operates within a specific segment of this TAM, focusing on debt and equity investments in companies that meet its underwriting criteria.
Upturn SWOT Analysis
Strengths
- Specialized expertise in the cannabis industry.
- Diversified portfolio across various industries.
- Experienced management team with industry knowledge.
- Ability to generate attractive yields on debt investments.
Weaknesses
- Concentration risk in the cannabis sector, which is subject to regulatory and legal uncertainties.
- Reliance on external investment advisor.
- Potential for higher credit risk in some of its investments.
- As a relatively newer BDC, may have less established track record compared to older entities.
Opportunities
- Continued growth and potential federal legalization of the cannabis industry in the US.
- Expansion into new geographic markets or complementary industries.
- Increased demand for middle-market financing.
- Potential for favorable interest rate environments for debt providers.
Threats
- Adverse changes in cannabis regulations at federal, state, or local levels.
- Increased competition in the BDC and private credit markets.
- Economic downturns impacting the ability of portfolio companies to repay debt.
- Rising interest rates could increase borrowing costs for portfolio companies.
Competitors and Market Share
Key Competitors
- Ares Capital Corporation (ARCC)
- Apollo Investment Corporation (AINV)
- BlackRock Capital Investment Corporation (BKCC)
- Owl Rock Capital Corporation (ORCC)
Competitive Landscape
Chicago Atlantic BDC, Inc. competes with a broad range of BDCs and private credit funds for investment opportunities. Its specialization in the cannabis sector can be both an advantage and a differentiator, but also exposes it to specific risks. Larger, more established BDCs may have greater access to capital and a more diversified track record. ACAT's ability to generate attractive yields in a challenging sector is a key competitive factor.
Growth Trajectory and Initiatives
Historical Growth: The company's growth trajectory has been driven by its ability to originate new loans and investments, particularly within its target industries. Expansion of its investment portfolio and the growth of the underlying companies it finances contribute to its historical performance.
Future Projections: Future growth projections for Chicago Atlantic BDC, Inc. would typically be based on analyst estimates of its ability to deploy capital into new investments, generate income from its existing portfolio, and manage its expenses. Factors like market conditions, regulatory changes in the cannabis sector, and overall economic health would significantly influence these projections.
Recent Initiatives: Recent initiatives would likely include strategies to originate new investments, manage risk in its portfolio, potentially explore new market segments, and optimize its capital structure to support growth and shareholder returns.
Summary
Chicago Atlantic BDC, Inc. is a specialized lender with a significant focus on the growing cannabis industry, offering debt and equity financing. Its strengths lie in its industry expertise and diversified approach. However, it faces considerable threats from regulatory uncertainties in the cannabis sector and competition. Continued focus on prudent underwriting and risk management, alongside potential diversification, will be crucial for its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings with the U.S. Securities and Exchange Commission (SEC) including 10-K, 10-Q, and 8-K reports.
- Financial data aggregators and market research platforms.
- Industry publications and news sources.
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Investment decisions should be made in consultation with a qualified financial advisor. Past performance is not indicative of future results. The provided market share data for ACAT is an estimation based on its relative size within the BDC market and its specific niche focus, not a precise industry market share.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Chicago Atlantic BDC, Inc.
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2022-02-04 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website |
Full time employees - | Website | ||
Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies. The company was founded in 2021 and is based in New York, New York.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.