Magnus Financial Group LLC Makes New Investment in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Magnus Financial Group LLC bought a new stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 32,962 shares of the company’s stock, valued at approximately $508,000. Magnus Financial Group LLC owned 0.17% of Chicago Atlantic Real Estate Finance at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of REFI. Janus Henderson Group PLC purchased a new position in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter valued at about $160,000. Townsquare Capital LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the third quarter valued at approximately $162,000. Doliver Advisors LP purchased a new position in Chicago Atlantic Real Estate Finance in the third quarter worth approximately $171,000. HB Wealth Management LLC acquired a new position in Chicago Atlantic Real Estate Finance during the 4th quarter worth approximately $191,000. Finally, Martingale Asset Management L P increased its position in shares of Chicago Atlantic Real Estate Finance by 10.4% in the 3rd quarter. Martingale Asset Management L P now owns 18,045 shares of the company’s stock valued at $280,000 after purchasing an additional 1,703 shares during the last quarter. 25.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on REFI. Alliance Global Partners started coverage on shares of Chicago Atlantic Real Estate Finance in a research report on Tuesday, December 17th. They set a “buy” rating and a $20.00 price objective 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.

Chicago Atlantic Real Estate Finance Trading Down 2.2 %

Shares of NASDAQ:REFI opened at $15.33 on Thursday. The firm has a 50 day simple moving average of $15.83 and a 200-day simple moving average of $15.70. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $14.82 and a twelve month high of $16.49. The company has a market capitalization of $300.93 million, a PE ratio of 7.67 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 12.26%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 94.00%.

Insider Buying and Selling at Chicago Atlantic Real Estate Finance

In other news, insider John Mazarakis bought 2,779 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $15.82 per share, for a total transaction of $43,963.78. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 12.30% of the stock is currently owned by insiders.

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.