Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC raised its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 21.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,610 shares of the company's stock after purchasing an additional 85,481 shares during the quarter. Tidal Investments LLC owned about 2.47% of Chicago Atlantic Real Estate Finance worth $7,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of REFI. Barclays PLC boosted its stake in shares of Chicago Atlantic Real Estate Finance by 271.9% in the third quarter. Barclays PLC now owns 22,143 shares of the company's stock valued at $343,000 after purchasing an additional 16,189 shares during the period. State Street Corp lifted its holdings 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 buying an additional 52,497 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Chicago Atlantic Real Estate Finance in the 3rd quarter valued at about $160,000. Martingale Asset Management L P grew its stake in shares of Chicago Atlantic Real Estate Finance by 10.4% during 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 in the last quarter. Finally, Townsquare Capital LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the third quarter worth about $162,000. Institutional investors and hedge funds own 25.48% of the company's stock.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of NASDAQ:REFI traded up $0.02 during trading on Friday, hitting $16.16. The company's stock had a trading volume of 105,786 shares, compared to its average volume of 88,139. The company has a market capitalization of $317.22 million, a PE ratio of 8.07 and a beta of 0.23. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $17.65. The stock's 50-day moving average price is $15.70 and its two-hundred day moving average price is $15.68.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.63%. The ex-dividend date was Monday, September 30th. Chicago Atlantic Real Estate Finance's payout ratio is 94.00%.

Insider Activity

In related news, insider John Mazarakis purchased 2,779 shares of Chicago Atlantic Real Estate Finance stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $15.82 per share, with a total value of $43,963.78. Following the completion of the transaction, the insider now owns 372,709 shares of the company's stock, valued at approximately $5,896,256.38. This trade represents a 0.75 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.30% of the company's stock.

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.