20,550 Shares in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Purchased by United Advisor Group LLC

United Advisor Group LLC purchased a new position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) during the third quarter, HoldingsChannel reports. The fund purchased 20,550 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fielder Capital Group LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance in the second quarter worth $8,412,000. Tidal Investments LLC purchased a new stake in Chicago Atlantic Real Estate Finance in the 1st quarter worth $8,224,000. Sage Mountain Advisors LLC boosted its holdings in shares of Chicago Atlantic Real Estate Finance by 83.4% during 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. Vanguard Group Inc. grew its position in shares of Chicago Atlantic Real Estate Finance by 5.6% during the first quarter. Vanguard Group Inc. now owns 809,997 shares of the company’s stock valued at $12,774,000 after purchasing an additional 42,740 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance in the third quarter worth about $504,000. 25.48% of the stock is currently owned by institutional investors.

Chicago Atlantic Real Estate Finance Trading Up 2.2 %

NASDAQ:REFI opened at $15.58 on Thursday. The company has a market capitalization of $305.68 million, a P/E ratio of 7.79 and a beta of 0.21. The business’s 50-day moving average is $15.61 and its 200 day moving average is $15.64. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $14.52 and a 12 month high of $17.65.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.47 per share. The ex-dividend date was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.07%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 94.95%.

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.