Insider Buying: Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Insider Acquires 2,779 Shares of Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) insider John Mazarakis bought 2,779 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of $15.82 per share, with a total value of $43,963.78. Following the completion of the transaction, the insider now directly owns 372,709 shares of the company’s stock, valued at $5,896,256.38. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Chicago Atlantic Real Estate Finance Stock Performance

NASDAQ REFI opened at $15.82 on Friday. The firm has a market capitalization of $310.39 million, a P/E ratio of 7.99 and a beta of 0.21. The stock has a 50-day simple moving average of $15.60 and a two-hundred day simple moving average of $15.64. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $17.65.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 11.88%. The ex-dividend date was Monday, September 30th. Chicago Atlantic Real Estate Finance’s payout ratio is presently 94.95%.

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

Several hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted 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 period. United Advisor Group LLC purchased a new position in Chicago Atlantic Real Estate Finance in the third quarter valued at $319,000. Gladstone Institutional Advisory LLC purchased a new position in Chicago Atlantic Real Estate Finance in the third quarter valued at $504,000. Doliver Advisors LP acquired a new position in shares of Chicago Atlantic Real Estate Finance in the third quarter worth about $171,000. Finally, Renaissance Technologies LLC boosted 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 acquiring an additional 5,400 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Company 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.