Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Shares Acquired by Doliver Advisors LP

Doliver Advisors LP lifted its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 149.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,438 shares of the company’s stock after purchasing an additional 16,438 shares during the quarter. Doliver Advisors LP owned about 0.14% of Chicago Atlantic Real Estate Finance worth $423,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tidal Investments LLC grew its stake in Chicago Atlantic Real Estate Finance by 21.4% during the third quarter. Tidal Investments LLC now owns 485,610 shares of the company’s stock worth $7,532,000 after buying an additional 85,481 shares during the period. State Street Corp lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 15.1% during the 3rd quarter. State Street Corp now owns 400,790 shares of the company’s stock valued at $6,403,000 after acquiring an additional 52,497 shares in the last quarter. AdvisorShares Investments LLC boosted its position in Chicago Atlantic Real Estate Finance by 13.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 101,361 shares of the company’s stock worth $1,523,000 after purchasing an additional 12,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Chicago Atlantic Real Estate Finance by 16.8% in the second quarter. Bank of New York Mellon Corp now owns 59,219 shares of the company’s stock valued at $910,000 after purchasing an additional 8,500 shares during the period. Institutional investors and hedge funds own 25.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on REFI. Alliance Global Partners assumed coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a “buy” rating and a $20.00 target price for the company. JMP Securities restated a “market outperform” rating and issued a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th.

Insiders Place Their Bets

In related news, insider John Mazarakis acquired 2,779 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $15.82 per share, with a total value of $43,963.78. Following the acquisition, the insider now directly owns 372,709 shares in the company, valued at approximately $5,896,256.38. The trade was a 0.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.30% of the stock is owned by company insiders.

Chicago Atlantic Real Estate Finance Stock Down 0.8 %

Shares of Chicago Atlantic Real Estate Finance stock traded down $0.13 during trading hours on Monday, hitting $15.48. 109,829 shares of the company’s stock traded hands, compared to its average volume of 105,147. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $14.82 and a twelve month high of $16.75. The company has a market cap of $303.93 million, a PE ratio of 7.74 and a beta of 0.23. The stock has a 50 day simple moving average of $15.83 and a 200-day simple moving average of $15.71.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 12.14%. 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.