The concentrated insider buying by a 10% owner and multiple C-suite executives at prices near $9.50 suggests a floor is being established. Monitor for any upcoming earnings release or NAV update that could catalyze a re-rating.
Price Chart
Executive Summary
A significant insider buying cluster at Chicago Atlantic BDC (LIEN) shows four insiders, including a 10% owner and two C-suite executives, collectively purchasing $609K in open-market transactions over a one-week window. The buying is concentrated at prices between $9.44-$9.95, representing ~0.27% of the $228M market cap, which is a modest but notable signal. The cluster is amplified by the co-CIO's additional purchases in the following days, bringing the total insider buying to over $1.1M in 30 days, suggesting management sees value at current levels ahead of the next earnings report.
Key Financial Metrics
Key Facts
- Four insiders bought $609K in open-market purchases over Aug 14-21, 2026
- 10% owner Mazarakis John led with a $566K purchase at $9.44/share
- Co-CIO Gordon Scott made five separate purchases totaling $336K across Aug 18-24
- Total insider buying in the last 30 days exceeds $1.1M
- Purchases represent ~0.27% of the $228M market cap
Financial Impact
$609K in insider purchases over one week, with an additional $336K from the co-CIO in the following days
Risk Factors
- Insider buying clusters at BDCs can precede dividend cuts or NAV declines if management is trying to signal confidence before bad news
- The 10% owner's large purchase could be a portfolio rebalancing rather than a pure conviction signal
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LIEN-1787605293508 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 27d ago | EFFECT | $9.45 $9.39 | ▼ −0.63% | ▼ −1.94% | $9.10 (−3.70%) |
Aug 24, 2026 9w ago | Insider Cluster | $10.19 $10.27 | ▲ +0.79% | ▲ +1.32% | $9.10 (−10.70%) |
Aug 19, 2026 9w ago | Insider Cluster | $9.78 $10.14 | ▲ +3.68% | ▲ +2.57% | $9.10 (−6.95%) |
Aug 13, 2026 10w ago | DEFA14A | $9.44 $9.78 | ▲ +3.60% | ▲ +5.57% | $9.10 (−3.60%) |
Jun 18, 2026 18w ago | DEFA14A | $10.24 $10.40 | ▲ +1.56% | ▲ +3.23% | $9.10 (−11.13%) |
Jun 18, 2026 18w ago | 425 | $10.24 $10.40 | ▲ +1.56% | ▲ +3.23% | $9.10 (−11.13%) |
Jun 18, 2026 18w ago | 8-K | $10.24 $10.40 | ▲ +1.56% | ▲ +3.23% | $9.10 (−11.13%) |
Jun 18, 2026 18w ago | Press Release | $10.24 $10.40 | ▲ +1.56% | ▲ +3.23% | $9.10 (−11.13%) |
May 14, 2026 23w ago | 8-K | $9.83 $9.82 | ▼ −0.10% | ▲ +0.62% | $9.10 (−7.43%) |
May 14, 2026 23w ago | Press Release | $9.83 $9.82 | ▼ −0.10% | ▲ +0.62% | $9.10 (−7.43%) |
US Market Status
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