John Mazarakis Acquires 2,779 Shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) insider John Mazarakis purchased 2,779 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $15.82 per share, for a total transaction of $43,963.78. Following the completion of the purchase, the insider now directly owns 372,709 shares in the company, valued at $5,896,256.38. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI stock traded up $0.05 during mid-day trading on Friday, hitting $15.82. 77,628 shares of the stock were exchanged, compared to its average volume of 88,242. The stock's fifty day simple moving average is $15.60 and its two-hundred day simple moving average is $15.64. Chicago Atlantic Real Estate Finance, Inc. has a 12-month low of $14.82 and a 12-month high of $17.65. The stock has a market capitalization of $310.39 million, a price-to-earnings ratio of 8.02 and a beta of 0.21.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.88%. The ex-dividend date was Monday, September 30th. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is 94.95%.

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in 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 valued at $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 during the second quarter worth about $8,412,000. Tidal Investments LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the first quarter worth about $8,224,000. Sage Mountain Advisors LLC increased its position in Chicago Atlantic Real Estate Finance by 83.4% in the 2nd quarter. Sage Mountain Advisors LLC now owns 133,467 shares of the company's stock valued at $2,050,000 after acquiring an additional 60,682 shares during the period. Finally, AdvisorShares Investments LLC increased its position in Chicago Atlantic Real Estate Finance by 13.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 101,361 shares of the company's stock valued at $1,523,000 after acquiring an additional 12,000 shares during the period. 25.48% of the stock is owned by institutional investors and hedge funds.

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.

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