Connor Clark & Lunn Investment Management Ltd. Purchases 52,134 Shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Connor Clark & Lunn Investment Management Ltd. raised its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 315.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,677 shares of the company's stock after acquiring an additional 52,134 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.35% of Chicago Atlantic Real Estate Finance worth $1,065,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Chicago Atlantic Real Estate Finance by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 809,997 shares of the company's stock worth $12,774,000 after purchasing an additional 42,740 shares during the last quarter. Fielder Capital Group LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance in the second quarter valued at $8,412,000. Sage Mountain Advisors LLC lifted its position in Chicago Atlantic Real Estate Finance by 83.4% during the 2nd quarter. Sage Mountain Advisors LLC now owns 133,467 shares of the company's stock worth $2,050,000 after buying an additional 60,682 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in Chicago Atlantic Real Estate Finance by 13.4% during 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 during the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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 acquiring an additional 8,500 shares in the last quarter. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chicago Atlantic Real Estate Finance

In other Chicago Atlantic Real Estate Finance news, insider John Mazarakis purchased 2,779 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was acquired 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 directly owns 372,709 shares in the company, valued at approximately $5,896,256.38. This represents a 0.75 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.30% of the stock is currently owned by corporate insiders.

Chicago Atlantic Real Estate Finance Price Performance

Shares of REFI stock traded up $0.05 during trading hours on Thursday, reaching $16.09. 70,844 shares of the company were exchanged, compared to its average volume of 87,035. The company has a market cap of $315.85 million, a price-to-earnings ratio of 8.05 and a beta of 0.21. The stock's fifty day moving average is $15.61 and its two-hundred day moving average is $15.64. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $17.65.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 11.68%. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is currently 94.00%.

About Chicago Atlantic Real Estate Finance

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.