HB Wealth Management LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 20,000 shares of the company's stock, valued at approximately $288,000.
Several other large investors also recently modified their holdings of the company. Hood River Capital Management LLC increased its position in shares of Chicago Atlantic Real Estate Finance by 1.7% during the first quarter. Hood River Capital Management LLC now owns 527,878 shares of the company's stock worth $9,359,000 after buying an additional 8,707 shares during the period. BlackRock Inc. acquired a new stake in Chicago Atlantic Real Estate Finance in the first quarter worth $5,183,000. Vanguard Group Inc. acquired a new stake in Chicago Atlantic Real Estate Finance in the first quarter worth $5,087,000. Emfo LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the second quarter worth $2,317,000. Finally, HighTower Advisors LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the first quarter worth $2,618,000. 15.63% of the stock is currently owned by institutional investors and hedge funds.
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Insiders Place Their Bets
In related news, insider Peter Sack purchased 2,396 shares of Chicago Atlantic Real Estate Finance stock in a transaction on Monday, December 12th. The stock was acquired at an average cost of $15.86 per share, for a total transaction of $38,000.56. Following the completion of the acquisition, the insider now owns 5,821 shares of the company's stock, valued at approximately $92,321.06. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Chicago Atlantic Real Estate Finance news, CEO Anthony Cappell acquired 9,184 shares of Chicago Atlantic Real Estate Finance stock in a transaction dated Monday, December 12th. The stock was 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 directly 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 SEC, which is accessible through this hyperlink. Also, insider Peter Sack acquired 2,396 shares of Chicago Atlantic Real Estate Finance stock in a transaction dated Monday, December 12th. The shares were acquired at an average price of $15.86 per share, with a total value of $38,000.56. Following the completion of the acquisition, the insider now directly owns 5,821 shares of the company's stock, valued at $92,321.06. The disclosure for this purchase can be found here. Corporate insiders own 8.95% of the company's stock.
Chicago Atlantic Real Estate Finance Trading Up 1.6 %
NASDAQ:REFI opened at $15.75 on Thursday. The stock has a market capitalization of $278.15 million and a price-to-earnings ratio of 7.95. The firm has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $15.21. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $13.87 and a 12 month high of $20.29.
Chicago Atlantic Real Estate Finance Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 19.30%. This is a boost from Chicago Atlantic Real Estate Finance's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 29th. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is presently 94.95%.
Chicago Atlantic Real Estate Finance 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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Want to see what other hedge funds are holding REFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating).
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