Fielder Capital Group LLC boosted its position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 751,620 shares of the company's stock after purchasing an additional 77,334 shares during the quarter. Chicago Atlantic Real Estate Finance makes up 3.2% of Fielder Capital Group LLC's portfolio, making the stock its 9th biggest position. Fielder Capital Group LLC owned approximately 3.58% of Chicago Atlantic Real Estate Finance worth $11,049,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in REFI. Geode Capital Management LLC boosted its position in shares of Chicago Atlantic Real Estate Finance by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 12,982 shares of the company's stock valued at $201,000 after buying an additional 663 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Chicago Atlantic Real Estate Finance by 3.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 22,371 shares of the company's stock valued at $345,000 after buying an additional 687 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Chicago Atlantic Real Estate Finance by 33.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,321 shares of the company's stock valued at $51,000 after buying an additional 833 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Chicago Atlantic Real Estate Finance by 45.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,667 shares of the company's stock valued at $41,000 after buying an additional 838 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Chicago Atlantic Real Estate Finance by 4.9% during the fourth quarter. Nuveen Asset Management LLC now owns 31,790 shares of the company's stock valued at $490,000 after buying an additional 1,481 shares during the last quarter. Institutional investors own 25.48% of the company's stock.
Chicago Atlantic Real Estate Finance Price Performance
Shares of Chicago Atlantic Real Estate Finance stock traded down $0.19 during trading on Thursday, hitting $13.05. 107,136 shares of the company's stock traded hands, compared to its average volume of 131,002. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $12.76 and a 1 year high of $16.29. The stock has a market capitalization of $273.64 million, a P/E ratio of 6.94 and a beta of 0.24. The business has a 50-day simple moving average of $14.08 and a 200-day simple moving average of $14.74.
Chicago Atlantic Real Estate Finance Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 14.41%. Chicago Atlantic Real Estate Finance's payout ratio is 100.00%.
Chicago Atlantic Real Estate Finance Company Profile
(
Free Report)
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.
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