Intrepid Capital Management Inc. raised its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 503.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 711,127 shares of the company's stock after purchasing an additional 593,218 shares during the period. Chicago Atlantic Real Estate Finance accounts for approximately 5.6% of Intrepid Capital Management Inc.'s investment portfolio, making the stock its 4th biggest holding. 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.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fielder Capital Group LLC grew its position in Chicago Atlantic Real Estate Finance by 8.8% during the 4th quarter. Fielder Capital Group LLC now owns 674,286 shares of the company's stock worth $10,397,000 after purchasing an additional 54,605 shares during the last quarter. Tidal Investments LLC increased its position in shares of Chicago Atlantic Real Estate Finance by 21.4% in the 3rd quarter. Tidal Investments LLC now owns 485,610 shares of the company's stock valued at $7,532,000 after acquiring an additional 85,481 shares during the period. State Street Corp raised its stake in Chicago Atlantic Real Estate Finance by 15.1% in the 3rd quarter. State Street Corp now owns 400,790 shares of the company's stock worth $6,403,000 after acquiring an additional 52,497 shares during the last quarter. Sage Mountain Advisors LLC lifted its position in Chicago Atlantic Real Estate Finance by 5.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 122,932 shares of the company's stock worth $1,896,000 after acquiring an additional 6,329 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Chicago Atlantic Real Estate Finance by 242.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 120,576 shares of the company's stock valued at $1,859,000 after purchasing an additional 85,399 shares during the last quarter. Hedge funds and other institutional investors own 25.48% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on REFI shares. JMP Securities reaffirmed a "market outperform" rating and set a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th. Alliance Global Partners assumed coverage on shares of Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They set a "buy" rating and a $20.00 price objective for the company.
Read Our Latest Stock Analysis on REFI
Chicago Atlantic Real Estate Finance Stock Down 3.3 %
Shares of REFI traded down $0.49 during mid-day trading on Friday, reaching $14.23. The company had a trading volume of 257,480 shares, compared to its average volume of 108,633. The stock has a market capitalization of $297.32 million, a P/E ratio of 7.12 and a beta of 0.22. Chicago Atlantic Real Estate Finance, Inc. has a 52-week low of $14.08 and a 52-week high of $16.47. The stock has a 50 day moving average of $15.58 and a two-hundred day moving average of $15.66.
Chicago Atlantic Real Estate Finance Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 13.21%. The ex-dividend date of this dividend is Monday, March 31st. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is 100.00%.
About Chicago Atlantic Real Estate Finance
(
Free Report)
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.
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