Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Research Coverage Started at Alliance Global Partners

Alliance Global Partners began coverage on shares of Chicago Atlantic Real Estate Finance (NASDAQ:REFI) in a research note released on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $20.00 price target on the stock.

Chicago Atlantic Real Estate Finance Stock Up 0.2 %

REFI opened at $15.79 on Tuesday. The business has a fifty day simple moving average of $15.75 and a 200-day simple moving average of $15.70. The firm has a market cap of $310.02 million, a PE ratio of 7.90 and a beta of 0.23. Chicago Atlantic Real Estate Finance has a fifty-two week low of $14.82 and a fifty-two week high of $17.65.

Insiders Place Their Bets

In other news, insider John Mazarakis bought 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, for a total transaction of $43,963.78. Following the completion of the acquisition, the insider now directly owns 372,709 shares in the company, valued at $5,896,256.38. This represents a 0.75 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

Several hedge funds have recently made changes to their positions in REFI. Fielder Capital Group LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the 2nd quarter valued at $8,412,000. Tidal Investments LLC grew its holdings in shares of 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 valued at $7,532,000 after buying an additional 85,481 shares in the last quarter. State Street Corp raised its position in Chicago Atlantic Real Estate Finance by 15.1% during the third quarter. State Street Corp now owns 400,790 shares of the company’s stock valued at $6,403,000 after buying an additional 52,497 shares during the period. Sage Mountain Advisors LLC lifted its stake in Chicago Atlantic Real Estate Finance by 83.4% in the 2nd quarter. Sage Mountain Advisors LLC now owns 133,467 shares of the company’s stock worth $2,050,000 after acquiring an additional 60,682 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its stake in Chicago Atlantic Real Estate Finance by 13.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 101,361 shares of the company’s stock worth $1,523,000 after acquiring an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

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.