HB Wealth Management LLC Buys Shares of 12,418 Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

HB Wealth Management LLC bought a new position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFIFree Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,418 shares of the company’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in REFI. Rhumbline Advisers lifted its stake in Chicago Atlantic Real Estate Finance by 7.7% in the second quarter. Rhumbline Advisers now owns 23,754 shares of the company’s stock worth $365,000 after acquiring an additional 1,689 shares during the period. Renaissance Technologies LLC lifted its position in shares of Chicago Atlantic Real Estate Finance by 17.5% in 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 period. Doliver Advisors LP bought a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter valued at approximately $171,000. Gladstone Institutional Advisory LLC purchased a new position in Chicago Atlantic Real Estate Finance during the third quarter valued at approximately $504,000. Finally, United Advisor Group LLC purchased a new position in Chicago Atlantic Real Estate Finance during the third quarter valued at approximately $319,000. Institutional investors own 25.48% of the company’s stock.

Analyst Ratings Changes

REFI has been the subject of a number of analyst reports. Alliance Global Partners started coverage on Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They set a “buy” rating and a $20.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th.

Get Our Latest Analysis on REFI

Insider Activity

In related news, insider John Mazarakis bought 2,779 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of $15.82 per share, for a total transaction of $43,963.78. Following the purchase, the insider now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 12.30% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Down 0.1 %

NASDAQ REFI opened at $15.21 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $14.82 and a 52 week high of $16.49. The company has a 50 day moving average price of $15.81 and a 200 day moving average price of $15.69. The firm has a market cap of $298.57 million, a PE ratio of 7.61 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.36%. The ex-dividend date of this dividend was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s payout ratio is presently 94.00%.

Chicago Atlantic Real Estate Finance Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Chicago Atlantic Real Estate Finance (NASDAQ:REFI)

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