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Chicago Atlantic BDC, Inc. (LIEN)
USD10.02
+0.14 (+1.42%)
US NASDAQ Financial Services Asset Management
Address
600 Madison Avenue 10022
New York City, NY, US
New York City, NY, US
CEO
Peter S. Sack
Website
ssic.silverspikecap.com
IPO
2022-02-04
CIK 1843162 ISIN US8281741020
Also trades on
NASDAQ Global Market · LIEN (USD)
NASDAQ Global Market · SSIC (USD)
Description
Silver Spike Investment Corp. functions as a specialized business development company (BDC) dedicated to investing across the cannabis industry. It channels capital into privately held cannabis enterprises through both direct lending and equity ownership. The firm actively collaborates with private equity entities, entrepreneurs, and business owners to offer diverse credit and equity financing solutions. These solutions are designed to facilitate various corporate actions, including buyouts, recapitalizations, expansion initiatives, refinancings, and acquisitions. Its investment focus spans a wide range of cannabis businesses, encompassing those developing enabling technologies, companies in the cannabis-related health and wellness sector, and distributors of hemp and CBD products. Established in 2021, the company is headquartered in New York, New York.
News Sentiment (7d)
Based on only 1 article — low confidence
- Dividend Power: 6 'Safer' Ideal Dogs To Buy In July Seeking Alpha
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD10.02
+0.14 (+1.42%)
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Volume Profile
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Liquidity & share structure
Average Volume
74.8K
Beta
0.26
Float Shares
19.78M
Free Float %
86.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +8.38% | +4.80% | +4.13% | -4.10% | -3.53% | -4.84% | +1.03% | +14.44% | -29.79% | -29.79% | -29.79% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
10.02
Ratings Trend (MoM)
0% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
-0.06
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Asset Management: +17.4%+202.2% ★ Q1'26: +82.1% (vs Q1'25)
-
EPS growth Asset Management: +22.7%+57.0% ★ Q1'26: -40.5% (vs Q1'25)
-
FCF margin FCF growth · Asset Management: +27.7%+68.1% ★ Q1'26: +41.0% (vs Q1'25)
-
EBIT margin Asset Management: +50.6%+63.6% ★ Q1'26: +0.0% (vs Q1'25)
-
ROIC Asset Management: +6.5%+10.6% ★
-
Share dilution Asset Management: +0.0%+120.6% Q1'26: +120.6% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×0.72×
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2021 actual |
Dec 2022 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
—
est: 4.09M (-100.0%)
|
10.1K
est: 3.90M (-99.7%)
|
4.05M
est: 3.90M (+3.8%)
|
10.03M
est: 11.65M (-13.9%)
|
17.97M
est: 20.10M (-10.6%)
|
54.30M
est: 54.92M (-1.1%)
|
60.90M
59.95M – 61.84M
+10.9% YoY
|
64.93M
63.92M – 65.94M
+6.6% YoY
|
73.68M
72.54M – 74.83M
+13.5% YoY
|
| EBITDA |
—
est: 1.04M (-100.0%)
|
-563.4K
est: 988.4K (-157.0%)
|
—
est: 988.4K (-100.0%)
|
7.34M
est: 2.95M (+148.6%)
|
9.62M
est: 3.63M (+165.1%)
|
34.53M
est: 9.92M (+248.1%)
|
11.00M
10.83M – 11.17M
+10.9% YoY
|
11.73M
11.54M – 11.91M
+6.6% YoY
|
13.31M
13.10M – 13.51M
+13.5% YoY
|
| EBIT |
-958.3K
est: 1.44M (-166.6%)
|
-563.4K
est: 1.37M (-141.1%)
|
1.98M
est: 1.37M (+44.6%)
|
7.34M
est: 4.09M (+79.3%)
|
9.62M
est: 5.60M (+71.9%)
|
34.53M
est: 15.30M (+125.7%)
|
16.96M
16.70M – 17.23M
+10.9% YoY
|
18.08M
17.80M – 18.37M
+6.6% YoY
|
20.52M
20.20M – 20.84M
+13.5% YoY
|
| Net Income |
-958.3K
est: -413.7K (-131.6%)
|
-563.4K
est: 4.45M (-112.7%)
|
1.71M
est: 4.45M (-61.6%)
|
7.34M
est: 11.02M (-33.4%)
|
9.62M
est: 17.34M (-44.5%)
|
33.28M
est: 33.28M (+0.0%)
|
33.33M
32.64M – 33.99M
+0.1% YoY
|
34.26M
33.65M – 35.04M
+2.8% YoY
|
34.80M
33.99M – 35.39M
+1.6% YoY
|
| SGA |
958.3K
est: 21.76M (-95.6%)
|
245.4K
est: 20.73M (-98.8%)
|
1.98M
est: 20.73M (-90.4%)
|
2.68M
est: 61.93M (-95.7%)
|
8.23M
est: 555.05M (-98.5%)
|
6.11B
est: 1.52B (+302.8%)
|
1.68B
1.66B – 1.71B
+10.9% YoY
|
1.79B
1.77B – 1.82B
+6.6% YoY
|
2.03B
2.00B – 2.07B
+13.5% YoY
|
| EPS |
-1.09
est: -0.04 (-2,625.0%)
|
-0.64
est: 0.43 (-248.8%)
|
0.31
est: 0.43 (-27.9%)
|
1.18
est: 1.07 (+10.8%)
|
0.93
est: 0.76 (+22.4%)
|
1.46
est: 1.48 (-1.4%)
|
1.46
1.43 – 1.49
-1.4% YoY
|
1.51
1.47 – 1.54
+3.1% YoY
|
1.52
1.49 – 1.55
+1.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-14 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-13 | A- | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 | 4/5 | 5/5 |
| 2026-05-12 | A- | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 | 4/5 | 5/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 | 4/5 | 5/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 | 4/5 | 5/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 | 4/5 | 5/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 | 4/5 | 5/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 | 4/5 | 5/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 | 4/5 | 5/5 |
| 2026-05-01 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 3/5 | 4/5 | 5/5 |
| 2026-04-30 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 3/5 | 4/5 | 5/5 |
| 2026-04-29 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 3/5 | 4/5 | 5/5 |
| 2026-04-28 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 3/5 | 4/5 | 5/5 |
| 2026-04-27 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 3/5 | 4/5 | 5/5 |
| 2026-04-24 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 3/5 | 4/5 | 5/5 |
| 2026-04-23 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-22 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-21 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-20 | A- | 4/5 | 4/5 | 2/5 | 3/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-17 | A- | 4/5 | 4/5 | 2/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-16 | A- | 4/5 | 4/5 | 2/5 | 4/5 | 2/5 | 4/5 | 5/5 |
Owner Earnings
Owner's Earnings (history)
Owner's Earnings history not available.
Owner alignment
Owner's Earnings TTM
—
OE per share TTM
—
Owner's Yield
—
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
—
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
16
Beneficial owners (>5%)
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Chicago atlantic Loan Portfolio, llc | 15.85M | 69.45% | 15.85M | — | 15.85M | — | OO | Delaware | 2024-10-11 | ↗ |
| 2 | Scott Gordon | 4.51M | 74.40% | 14.3K | 4.50M | 14.3K | 4.50M | HC, IN | Delaware | 2022-03-04 | ↗ |
| 3 | Gregory M. Gentile | 4.50M | 74.20% | 2.9K | 4.50M | 2.9K | 4.50M | HC, IN | Delaware | 2022-03-04 | ↗ |
| 4 | Silver Spike Capital, LLC | 4.50M | 74.10% | — | 4.50M | — | 4.50M | IA | Delaware | 2022-03-04 | ↗ |
| 5 | Silver Spike Holdings GP, LLC | 4.50M | 74.10% | — | 4.50M | — | 4.50M | HC | Delaware | 2022-03-04 | ↗ |
| 6 | Silver Spike Holdings, LP | 4.50M | 74.10% | — | 4.50M | — | 4.50M | HC, PN | Delaware | 2022-03-04 | ↗ |
| 7 | Adam Levinson | 357.1K | 5.90% | — | 357.1K | — | — | IN | Singapore | 2022-02-14 | ↗ |
| 8 | Graticule Asia Macro Advisors LLC | 357.1K | 5.90% | — | 357.1K | — | — | OO | Delaware | 2022-02-14 | ↗ |
| 9 | Graticule Asset Management Asia General Partner (Cayman) Ltd. | 357.1K | 5.90% | — | 357.1K | — | — | CO | Cayman Islands | 2022-02-14 | ↗ |
| 10 | Graticule Asset Management Asia, L.P. | 357.1K | 5.90% | — | 357.1K | — | — | PN | Cayman Islands | 2022-02-14 | ↗ |
| 11 | Graticule Managed Fund C Ltd | 122.1K | 2.00% | — | 122.1K | — | — | CO | Cayman Islands | 2022-02-14 | ↗ |
| 12 | Ltd | 122.1K | 2.00% | — | 122.1K | — | — | CO | Cayman Islands | 2022-02-14 | ↗ |
| 13 | Graticule Asia Macro Fund LP | 118.0K | 1.90% | — | 118.0K | — | — | PN | Delaware | 2022-02-14 | ↗ |
| 14 | Graticule Asia Macro Fund Ltd. | 118.0K | 1.90% | — | 118.0K | — | — | CO | Cayman Islands | 2022-02-14 | ↗ |
| 15 | Graticule Asia Macro Master Fund Ltd. | 118.0K | 1.90% | — | 118.0K | — | — | CO | Cayman Islands | 2022-02-14 | ↗ |
| 16 | CMAP Graticule Fund Limited | 117.0K | 1.90% | — | 117.0K | — | — | CO | Cayman Islands | 2022-02-14 | ↗ |
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 3 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Amplify Seymour Cannabis ETF CNBS | 0.39% | 294.7K | 1.09% |
| 2 | iShares Listed Private Equity UCITS ETF IDPE.L | 0.08% | 611.0K | 0.75% |
| 3 | iShares Listed Private Equity UCITS ETF IPRA.AS | 0.08% | 68.0K | 0.75% |
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
1
Sells
0
Shares acquired
1.0K
Shares disposed
—
Cash buys
1.00
Cash sales
—
Net activity
+1,000
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-19 | Sack Peter | Director / Officer | P-Purchase | A | CHICAGO ATLANTIC BDC, INC. COMMON STOCK (LIEN) | 450 | 11.23 | 5.1K | 5,918 | D | ↗ |
| 2025-07-17 | Sack Peter | Director / Officer | P-Purchase | A | CHICAGO ATLANTIC BDC, INC. COMMON STOCK (LIEN) | 1,000 | 10.47 | 10.5K | 5,468 | D | ↗ |
| 2025-07-01 | Geoffroy Thomas | Officer | — | — | CHICAGO ATLANTIC BDC, INC. COMMON STOCK (LIEN) | 0 | 0.00 | — | 413 | D | ↗ |
| 2025-07-01 | Fazio Gianni James Lezziere | — | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2025-06-06 | Mahajan Umesh | Officer | P-Purchase | A | Common Stock | 1,000 | 10.30 | 10.3K | 2,712 | D | ↗ |
| 2025-06-05 | Mahajan Umesh | Officer | P-Purchase | A | Common Stock | 212 | 10.17 | 2.2K | 1,712 | D | ↗ |
| 2025-05-29 | Colonna Bernardino | Officer | P-Purchase | A | Common Stock | 1,000 | 10.21 | 10.2K | 2,430 | D | ↗ |
| 2025-05-28 | Sack Peter | Officer | P-Purchase | A | Common Stock | 500 | 10.29 | 5.1K | 4,468 | D | ↗ |
| 2025-05-19 | Sack Peter | Officer | P-Purchase | A | Common Stock | 500 | 10.42 | 5.2K | 3,968 | D | ↗ |
| 2025-05-19 | Gordon Scott | Director / Officer / 10% Owner | J-Other | D | Common Stock | 214,286 | 0.00 | — | 3,601,490 | I | ↗ |
| 2025-05-19 | Chicago Atlantic BDC Advisers, LLC | 10% Owner | J-Other | D | Common Stock | 214,286 | 0.00 | — | 3,601,490 | I | ↗ |
| 2025-04-17 | Sack Peter | Officer | P-Purchase | A | Common Stock | 50 | 10.50 | 525.00 | 3,468 | D | ↗ |
| 2025-04-10 | Sack Peter | Officer | P-Purchase | A | Common Stock | 100 | 10.82 | 1.1K | 3,418 | D | ↗ |
| 2025-04-10 | Mahajan Umesh | Officer | P-Purchase | A | Common Stock | 500 | 10.73 | 5.4K | 500 | D | ↗ |
| 2025-04-09 | Sack Peter | Officer | J-Other | A | Common Stock | 3,118 | 0.00 | — | 3,318 | D | ↗ |
| 2025-04-08 | Sack Peter | Officer | P-Purchase | A | Common Stock | 100 | 10.98 | 1.1K | 200 | D | ↗ |
| 2025-04-04 | Sack Peter | Officer | P-Purchase | A | Common Stock | 100 | 10.70 | 1.1K | 100 | D | ↗ |
| 2025-03-13 | VedBrat Supurna | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2025-03-13 | Sack Peter | Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2025-03-13 | McCauley Patrick Robert | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2025-02-14 | Rodgers Martin G | Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-12-19 | Silver Spike Capital, LLC | 10% Owner | J-Other | D | Common Stock | 684,611 | 0.00 | — | 3,815,776 | I | ↗ |
| 2024-12-19 | Gordon Scott | Director / Officer / 10% Owner | J-Other | D | Common Stock | 684,611 | 0.00 | — | 3,815,776 | I | ↗ |
| 2024-10-09 | Chicago Atlantic Loan Portfolio, LLC | 10% Owner | J-Other | D | Restricted Common Stock | 1,510,593 | 0.00 | — | 14,338,594 | D | ↗ |
| 2024-10-01 | Papastavrou Jason D | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-10-01 | Mazarakis John | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-10-01 | HERBST FREDERICK C | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-10-01 | Colonna Bernardino | Officer | — | — | Common Stock | 0 | 0.00 | — | 1,430 | D | ↗ |
| 2024-10-01 | Chicago Atlantic Loan Portfolio, LLC | 10% Owner | — | — | Common Stock | 0 | 0.00 | — | 15,849,187 | D | ↗ |
| 2024-10-01 | Bodmeier Andreas | Officer | — | — | Common Stock | 0 | 0.00 | — | 25,000 | D | ↗ |
| 2022-02-08 | Gordon Scott | Director / Officer / 10% Owner | P-Purchase | A | Common Stock | 35,024 | 14.00 | 490.3K | 35,024 | D | ↗ |
Executive team
Top executives
EBIT / Employee
28.8K
Shares Outstanding
22.82M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Alexander James Woodcock | Chief Compliance Officer | — | male |
| Andrew Thomas Lovitt | Chief Compliance Officer & General Counsel | — | male |
| Bernardino Colonna | President | — | male |
| Gianni Fazio | Chief Accounting Officer | — | male |
| Peter S. Sack | Chief Executive Officer | — | male |
| Scott Charles Gordon | Co-Chief Investment Officer & Executive Chairman | — | male |
| Thomas Napoleon Geoffroy | Interim Chief Financial Officer | — | male |
| Umesh Bhaskar Mahajan | Co-Chief Investment Officer & Secretary | — | male |
| William Healy | Partner & Head of Capital Formation | — | male |
ESG Rating
ESG Score History ASSET MANAGEMENT
Benchmark vs Sector
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for LIEN
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
