Jane Street Group LLC Lowers Stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Jane Street Group LLC trimmed its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 20.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,084 shares of the company’s stock after selling 5,310 shares during the quarter. Jane Street Group LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in REFI. Bank of New York Mellon Corp raised its holdings in Chicago Atlantic Real Estate Finance by 16.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,219 shares of the company’s stock valued at $910,000 after buying an additional 8,500 shares during the period. Commonwealth Equity Services LLC lifted its stake in Chicago Atlantic Real Estate Finance by 2.5% in the second quarter. Commonwealth Equity Services LLC now owns 37,337 shares of the company’s stock worth $574,000 after acquiring an additional 909 shares during the period. Rhumbline Advisers increased its holdings in Chicago Atlantic Real Estate Finance by 7.7% during the second quarter. Rhumbline Advisers now owns 23,754 shares of the company’s stock valued at $365,000 after buying an additional 1,689 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Chicago Atlantic Real Estate Finance by 17.5% during the 2nd quarter. Renaissance Technologies LLC now owns 36,300 shares of the company’s stock worth $558,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Doliver Advisors LP bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter valued at about $171,000. Institutional investors own 25.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on REFI shares. JMP Securities reiterated a “market outperform” rating and set a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th. Alliance Global Partners started coverage on Chicago Atlantic Real Estate Finance in a research report on Tuesday, December 17th. They set a “buy” rating and a $20.00 price target on the stock.

Insider Buying and Selling at Chicago Atlantic Real Estate Finance

In other news, insider John Mazarakis acquired 2,779 shares of the business’s stock in a transaction dated 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 acquisition, the insider now owns 372,709 shares of the company’s stock, valued at approximately $5,896,256.38. This trade represents a 0.75 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 12.30% of the stock is currently owned by company insiders.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI stock opened at $15.24 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $16.75. The firm has a market capitalization of $299.22 million, a price-to-earnings ratio of 7.62 and a beta of 0.23. The stock’s 50-day simple moving average is $15.83 and its 200-day simple moving average is $15.69.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 12.34%. The ex-dividend date is Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio is presently 94.00%.

Chicago Atlantic Real Estate Finance Profile

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.