Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating) CEO Anthony Cappell bought 9,184 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were purchased at an average cost of $15.86 per share, for a total transaction of $145,658.24. Following the completion of the acquisition, the chief executive officer now owns 227,454 shares of the company's stock, valued at $3,607,420.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Chicago Atlantic Real Estate Finance Trading Up 0.4 %
NASDAQ:REFI opened at $15.93 on Friday. The company has a 50-day moving average of $15.23 and a 200-day moving average of $15.31. The firm has a market cap of $281.29 million and a price-to-earnings ratio of 8.05. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $13.87 and a twelve month high of $20.29.
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Institutional Trading of Chicago Atlantic Real Estate Finance
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC grew its position in Chicago Atlantic Real Estate Finance by 234.5% in the third quarter. ETF Managers Group LLC now owns 458,709 shares of the company's stock worth $6,610,000 after buying an additional 321,586 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Chicago Atlantic Real Estate Finance by 93.2% in the third quarter. Vanguard Group Inc. now owns 642,576 shares of the company's stock worth $9,259,000 after buying an additional 309,918 shares during the period. BlackRock Inc. purchased a new position in shares of Chicago Atlantic Real Estate Finance in the first quarter worth approximately $5,183,000. Emfo LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the second quarter valued at approximately $2,317,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the 1st quarter valued at approximately $2,618,000. 13.65% of the stock is owned by institutional investors and hedge funds.
Chicago Atlantic Real Estate Finance Company Profile
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Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry.
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