Allspring Global Investments Holdings LLC bought a new position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,295 shares of the company's stock, valued at approximately $90,000.
Other institutional investors have also modified their holdings of the company. Emfo LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the second quarter worth approximately $2,317,000. Everett Harris & Co. CA increased its holdings in Chicago Atlantic Real Estate Finance by 16.7% during the third quarter. Everett Harris & Co. CA now owns 24,500 shares of the company's stock valued at $353,000 after buying an additional 3,500 shares during the period. Portland Global Advisors LLC purchased a new position in Chicago Atlantic Real Estate Finance during the second quarter valued at approximately $182,000. Bank of America Corp DE purchased a new position in Chicago Atlantic Real Estate Finance during the first quarter valued at approximately $54,000. Finally, American International Group Inc. purchased a new position in Chicago Atlantic Real Estate Finance during the first quarter valued at approximately $53,000. 15.63% of the stock is owned by hedge funds and other institutional investors.
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Insider Activity at Chicago Atlantic Real Estate Finance
In other news, CEO Anthony Cappell purchased 9,184 shares of the business's stock in a transaction on Monday, December 12th. The shares were acquired at an average cost of $15.86 per share, with a total value 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 document filed with the SEC, which is accessible through this link. In other news, CEO Anthony Cappell purchased 9,184 shares of the business's stock in a transaction on Monday, December 12th. The shares were acquired at an average cost of $15.86 per share, with a total value 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 document filed with the SEC, which is accessible through this link. Also, insider Peter Sack purchased 2,396 shares of the business's stock in a transaction on Monday, December 12th. The stock was purchased 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 directly owns 5,821 shares of the company's stock, valued at approximately $92,321.06. The disclosure for this purchase can be found here. 8.95% of the stock is currently owned by corporate insiders.
Chicago Atlantic Real Estate Finance Stock Down 0.5 %
Shares of REFI stock opened at $15.40 on Monday. The firm has a market cap of $271.96 million and a price-to-earnings ratio of 7.78. The company's 50 day moving average is $15.64 and its 200 day moving average is $15.18. Chicago Atlantic Real Estate Finance, Inc. has a 52-week low of $13.87 and a 52-week high of $20.21.
Chicago Atlantic Real Estate Finance Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 19.74%. This is a positive change from Chicago Atlantic Real Estate Finance's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, December 29th. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is presently 94.95%.
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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