Nisa Investment Advisors LLC Acquires Shares of 2,000 Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Nisa Investment Advisors LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFIGet Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the company’s stock, valued at approximately $35,000.

Other hedge funds have also bought and sold shares of the company. Everett Harris & Co. CA bought a new position in Chicago Atlantic Real Estate Finance during the first quarter valued at $372,000. Point72 Hong Kong Ltd purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter valued at $117,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter valued at $5,826,000. Contrarian Capital Management L.L.C. purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter valued at $2,772,000. Finally, Pentwater Capital Management LP purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter valued at $1,915,000. Institutional investors own 17.40% of the company’s stock.

Insider Buying and Selling

In other Chicago Atlantic Real Estate Finance news, Chairman John Mazarakis acquired 7,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $15.50 per share, with a total value of $108,500.00. Following the completion of the purchase, the chairman now directly owns 163,250 shares in the company, valued at $2,530,375. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 7,800 shares of company stock valued at $120,953 over the last three months.

Chicago Atlantic Real Estate Finance Price Performance

Shares of REFI opened at $14.22 on Monday. Chicago Atlantic Real Estate Finance, Inc. has a 12-month low of $14.03 and a 12-month high of $20.29. The firm has a fifty day moving average price of $15.70 and a 200-day moving average price of $17.23.

Chicago Atlantic Real Estate Finance (NASDAQ:REFIGet Rating) last issued its earnings results on Thursday, May 12th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. On average, sell-side analysts anticipate that Chicago Atlantic Real Estate Finance, Inc. will post 1.82 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.47 per share. This is a positive change from Chicago Atlantic Real Estate Finance’s previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.22%. The ex-dividend date was Wednesday, June 29th.

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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Institutional Ownership by Quarter for Chicago Atlantic Real Estate Finance (NASDAQ:REFI)

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