Magnus Financial Group LLC Increases Stock Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Magnus Financial Group LLC grew its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,426 shares of the company’s stock after buying an additional 2,464 shares during the period. Magnus Financial Group LLC owned 0.17% of Chicago Atlantic Real Estate Finance worth $521,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Intrepid Capital Management Inc. lifted its position in Chicago Atlantic Real Estate Finance by 503.1% during the 4th quarter. Intrepid Capital Management Inc. now owns 711,127 shares of the company’s stock valued at $10,966,000 after acquiring an additional 593,218 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Chicago Atlantic Real Estate Finance by 92.1% during the fourth quarter. JPMorgan Chase & Co. now owns 65,465 shares of the company’s stock valued at $1,009,000 after purchasing an additional 31,391 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 242.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 120,576 shares of the company’s stock valued at $1,859,000 after purchasing an additional 85,399 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 4th quarter worth approximately $319,000. Finally, Fielder Capital Group LLC grew its stake in shares of Chicago Atlantic Real Estate Finance by 8.8% in the 4th quarter. Fielder Capital Group LLC now owns 674,286 shares of the company’s stock worth $10,397,000 after buying an additional 54,605 shares during the last quarter. Institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Up 0.5%

REFI stock opened at $14.36 on Friday. The business has a 50 day moving average of $14.36 and a 200 day moving average of $15.25. The firm has a market cap of $301.09 million, a PE ratio of 7.18 and a beta of 0.25. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $12.76 and a twelve month high of $16.47.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 13.09%. Chicago Atlantic Real Estate Finance’s payout ratio is presently 100.00%.

About Chicago Atlantic Real Estate Finance

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.