Intrepid Capital Management Inc. Has $10.97 Million Holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Intrepid Capital Management Inc. boosted its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 503.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 711,127 shares of the company's stock after buying an additional 593,218 shares during the period. Chicago Atlantic Real Estate Finance makes up about 5.6% of Intrepid Capital Management Inc.'s investment portfolio, making the stock its 4th largest position. Intrepid Capital Management Inc. owned about 3.62% of Chicago Atlantic Real Estate Finance worth $10,966,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in Chicago Atlantic Real Estate Finance by 6.6% in the third quarter. The Manufacturers Life Insurance Company now owns 21,684 shares of the company's stock worth $336,000 after purchasing an additional 1,349 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter valued at about $162,000. Martingale Asset Management L P increased its stake 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 valued at $280,000 after acquiring an additional 1,703 shares during the period. Janus Henderson Group PLC acquired a new position in Chicago Atlantic Real Estate Finance in the third quarter worth about $160,000. Finally, State Street Corp lifted its stake 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 worth $6,403,000 after purchasing an additional 52,497 shares during the period. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on REFI shares. Alliance Global Partners assumed coverage on Chicago Atlantic Real Estate Finance in a research report on Tuesday, December 17th. They set a "buy" rating and a $20.00 target price for the company. JMP Securities reissued a "market outperform" rating and set 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 Stock Performance

REFI traded down $0.49 during midday trading on Friday, hitting $14.23. The company had a trading volume of 257,480 shares, compared to its average volume of 108,945. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $14.09 and a twelve month high of $16.47. The company has a market capitalization of $297.32 million, a PE ratio of 7.12 and a beta of 0.26. The firm's 50-day simple moving average is $15.57 and its 200-day simple moving average is $15.64.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 13.21%. The ex-dividend date of this dividend is Monday, March 31st. Chicago Atlantic Real Estate Finance's dividend payout ratio is 100.00%.

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.