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

Doliver Advisors LP increased its position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 149.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,438 shares of the company’s stock after acquiring an additional 16,438 shares during the period. Doliver Advisors LP’s holdings in Chicago Atlantic Real Estate Finance were worth $423,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance in the third quarter valued at approximately $160,000. Townsquare Capital LLC bought a new stake in Chicago Atlantic Real Estate Finance during the 3rd quarter valued at $162,000. Martingale Asset Management L P lifted its holdings in Chicago Atlantic Real Estate Finance by 10.4% in the third quarter. Martingale Asset Management L P now owns 18,045 shares of the company’s stock worth $280,000 after purchasing an additional 1,703 shares during the period. United Advisor Group LLC acquired a new position in Chicago Atlantic Real Estate Finance during the 3rd quarter valued at about $319,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Chicago Atlantic Real Estate Finance by 6.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,684 shares of the company’s stock worth $336,000 after acquiring an additional 1,349 shares during the period. 25.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider John Mazarakis acquired 2,779 shares of Chicago Atlantic Real Estate Finance 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 completion of the purchase, the insider now owns 372,709 shares of the company’s stock, valued at $5,896,256.38. This represents a 0.75 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.30% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Down 0.8 %

Shares of NASDAQ REFI traded down $0.13 during midday trading on Monday, reaching $15.48. The company’s stock had a trading volume of 109,829 shares, compared to its average volume of 105,147. Chicago Atlantic Real Estate Finance, Inc. has a one year low of $14.82 and a one year high of $16.75. The company has a market cap of $303.93 million, a price-to-earnings ratio of 7.74 and a beta of 0.23. The company has a 50 day moving average price of $15.83 and a 200 day moving average price of $15.71.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st will be issued a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 12.14%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 94.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Alliance Global Partners initiated coverage on Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They set a “buy” rating and a $20.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th.

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.