HighTower Advisors LLC reduced its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Free Report) by 46.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 76,418 shares of the company’s stock after selling 67,142 shares during the quarter. HighTower Advisors LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $1,186,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REFI. Fielder Capital Group LLC acquired a new position in Chicago Atlantic Real Estate Finance in the 2nd quarter valued at approximately $8,412,000. Sage Mountain Advisors LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance by 83.4% in the 2nd quarter. Sage Mountain Advisors LLC now owns 133,467 shares of the company’s stock valued at $2,050,000 after purchasing an additional 60,682 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Chicago Atlantic Real Estate Finance by 315.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,677 shares of the company’s stock valued at $1,065,000 after purchasing an additional 52,134 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter valued at $504,000. Finally, United Advisor Group LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter valued at $319,000. 25.48% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider John Mazarakis bought 2,779 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $15.82 per share, with a total value of $43,963.78. Following the completion of the purchase, the insider now directly owns 372,709 shares in the company, valued at $5,896,256.38. The trade was a 0.75 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.30% of the company’s stock.
Chicago Atlantic Real Estate Finance Stock Performance
About Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.
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