Jane Street Group LLC Has $312,000 Holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Jane Street Group LLC trimmed its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 20.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,084 shares of the company’s stock after selling 5,310 shares during the period. Jane Street Group LLC owned about 0.10% of Chicago Atlantic Real Estate Finance worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp lifted its holdings in Chicago Atlantic Real Estate Finance by 15.1% in 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. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Chicago Atlantic Real Estate Finance by 315.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,677 shares of the company’s stock worth $1,065,000 after acquiring an additional 52,134 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Chicago Atlantic Real Estate Finance by 16.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,219 shares of the company’s stock valued at $910,000 after purchasing an additional 8,500 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Chicago Atlantic Real Estate Finance by 2.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 37,337 shares of the company’s stock valued at $574,000 after purchasing an additional 909 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Chicago Atlantic Real Estate Finance by 17.5% during the second quarter. Renaissance Technologies LLC now owns 36,300 shares of the company’s stock worth $558,000 after purchasing an additional 5,400 shares during the period. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chicago Atlantic Real Estate Finance

In related news, insider John Mazarakis purchased 2,779 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $15.82 per share, with a total value of $43,963.78. Following the acquisition, the insider now directly owns 372,709 shares of the company’s stock, valued at approximately $5,896,256.38. This 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 available through the SEC website. Corporate insiders own 12.30% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Down 0.4 %

Shares of NASDAQ REFI opened at $15.24 on Friday. The stock has a fifty day simple moving average of $15.83 and a two-hundred day simple moving average of $15.69. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $14.82 and a 1-year high of $16.75. The firm has a market cap of $299.22 million, a price-to-earnings ratio of 7.62 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s payout ratio is currently 94.00%.

Analysts Set New Price Targets

Several analysts have recently weighed in on REFI shares. JMP Securities reiterated a “market outperform” rating and issued a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th. Alliance Global Partners initiated coverage on shares of Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a “buy” rating and a $20.00 price target for the company.

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.