Chicago Atlantic Real Estate Finance, Inc. $REFI Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,808 shares of the company’s stock after buying an additional 8,400 shares during the period. Sage Mountain Advisors LLC owned 0.78% of Chicago Atlantic Real Estate Finance worth $2,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Chicago Atlantic Real Estate Finance during the first quarter worth $531,000. Nisa Investment Advisors LLC boosted its stake in Chicago Atlantic Real Estate Finance by 260.8% during the first quarter. Nisa Investment Advisors LLC now owns 18,691 shares of the company’s stock worth $284,000 after buying an additional 13,511 shares during the last quarter. Deutsche Bank AG boosted its stake in Chicago Atlantic Real Estate Finance by 689.4% during the first quarter. Deutsche Bank AG now owns 75,439 shares of the company’s stock worth $1,109,000 after buying an additional 65,882 shares during the last quarter. Fielder Capital Group LLC boosted its stake in Chicago Atlantic Real Estate Finance by 11.5% during the first quarter. Fielder Capital Group LLC now owns 751,620 shares of the company’s stock worth $11,049,000 after buying an additional 77,334 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Chicago Atlantic Real Estate Finance by 88.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,198 shares of the company’s stock worth $1,679,000 after buying an additional 53,498 shares during the last quarter. Institutional investors and hedge funds own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Up 0.6%

Shares of Chicago Atlantic Real Estate Finance stock opened at $13.18 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $12.00 and a 52 week high of $16.29. The business’s fifty day simple moving average is $13.40 and its 200-day simple moving average is $13.86. The firm has a market cap of $277.83 million, a PE ratio of 7.20 and a beta of 0.21.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 14.3%. The ex-dividend date was Tuesday, September 30th. Chicago Atlantic Real Estate Finance’s payout ratio is currently 102.73%.

Analyst Ratings Changes

A number of equities analysts have weighed in on REFI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Chicago Atlantic Real Estate Finance in a research note on Friday. Zacks Research raised Chicago Atlantic Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Chicago Atlantic Real Estate Finance has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Insider Transactions at Chicago Atlantic Real Estate Finance

In other news, Director Jason D. Papastavrou acquired 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were purchased at an average price of $12.70 per share, for a total transaction of $101,600.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at $63,500. This represents a -266.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brandon Konigsberg acquired 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The stock was purchased at an average price of $12.33 per share, for a total transaction of $86,310.00. Following the acquisition, the director directly owned 27,546 shares in the company, valued at approximately $339,642.18. This trade represents a 34.07% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 51,150 shares of company stock worth $641,415. 8.30% of the stock is owned by corporate insiders.

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.