Catalina Capital Group LLC Buys Shares of 16,438 Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Catalina Capital Group LLC bought a new stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,438 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds have also made changes to their positions in REFI. SG Americas Securities LLC acquired a new position in Chicago Atlantic Real Estate Finance in the 4th quarter valued at approximately $119,000. Magnus Financial Group LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 4th quarter valued at $508,000. HB Wealth Management LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the 4th quarter valued at $191,000. Doliver Advisors LP increased its stake in shares of Chicago Atlantic Real Estate Finance by 149.4% in the fourth quarter. Doliver Advisors LP now owns 27,438 shares of the company’s stock worth $423,000 after acquiring an additional 16,438 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Chicago Atlantic Real Estate Finance by 169.2% in the third quarter. JPMorgan Chase & Co. now owns 34,074 shares of the company’s stock worth $528,000 after acquiring an additional 21,415 shares during the last quarter. 25.48% of the stock is owned by hedge funds and other institutional investors.

Chicago Atlantic Real Estate Finance Trading Down 1.0 %

REFI stock opened at $15.21 on Tuesday. The firm has a market cap of $298.57 million, a PE ratio of 7.61 and a beta of 0.23. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $14.82 and a 1 year high of $16.49. The company has a fifty day simple moving average of $15.72 and a 200 day simple moving average of $15.67.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 12.36%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is presently 94.00%.

Insider Activity

In related news, insider John Mazarakis purchased 2,779 shares of the stock in a transaction 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 acquisition, the insider now directly owns 372,709 shares in the company, valued at approximately $5,896,256.38. This trade represents a 0.75 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

REFI has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th. Alliance Global Partners began coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a “buy” rating and a $20.00 price target for the company.

Chicago Atlantic Real Estate Finance 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.