12,418 Shares in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Purchased by HB Wealth Management LLC

HB Wealth Management LLC purchased a new position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,418 shares of the company’s stock, valued at approximately $191,000. HB Wealth Management LLC owned approximately 0.06% of Chicago Atlantic Real Estate Finance at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new stake in shares of Chicago Atlantic Real Estate Finance during the third quarter valued at approximately $160,000. Townsquare Capital LLC purchased a new position in Chicago Atlantic Real Estate Finance during the third quarter valued at $162,000. Doliver Advisors LP bought a new stake in Chicago Atlantic Real Estate Finance in the 3rd quarter valued at $171,000. Martingale Asset Management L P lifted its stake in Chicago Atlantic Real Estate Finance by 10.4% in the 3rd 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 in the last quarter. Finally, United Advisor Group LLC bought a new position in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter valued at about $319,000. 25.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

REFI has been the topic of several research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th. Alliance Global Partners began coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a “buy” rating and a $20.00 price objective on the stock.

Insider Buying and Selling at Chicago Atlantic Real Estate Finance

In related news, insider John Mazarakis bought 2,779 shares of the business’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 transaction, the insider now owns 372,709 shares in the company, valued at $5,896,256.38. This trade represents a 0.75 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.30% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Down 0.1 %

Shares of NASDAQ:REFI opened at $15.21 on Friday. The firm has a fifty day simple moving average of $15.81 and a two-hundred day simple moving average of $15.69. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $14.82 and a 52 week high of $16.49. The stock has a market capitalization of $298.57 million, a P/E ratio of 7.61 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 12.36%. Chicago Atlantic Real Estate Finance’s payout ratio is currently 94.00%.

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.