Fielder Capital Group LLC increased 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 filing with the Securities & Exchange Commission. The fund owned 751,620 shares of the company's stock after acquiring an additional 77,334 shares during the period. Chicago Atlantic Real Estate Finance comprises approximately 3.2% of Fielder Capital Group LLC's holdings, making the stock its 9th largest 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 hedge funds also recently added to or reduced their stakes in REFI. Charles Schwab Investment Management Inc. raised its holdings in Chicago Atlantic Real Estate Finance by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,332 shares of the company's stock worth $792,000 after acquiring an additional 2,354 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Chicago Atlantic Real Estate Finance by 4.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 44,659 shares of the company's stock worth $689,000 after acquiring an additional 1,842 shares during the last quarter. Quantbot Technologies LP bought a new stake in Chicago Atlantic Real Estate Finance in the 4th quarter worth approximately $41,000. JPMorgan Chase & Co. grew its position in Chicago Atlantic Real Estate Finance by 92.1% in the 4th quarter. JPMorgan Chase & Co. now owns 65,465 shares of the company's stock worth $1,009,000 after purchasing an additional 31,391 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in Chicago Atlantic Real Estate Finance by 149.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 25,168 shares of the company's stock worth $388,000 after purchasing an additional 15,092 shares during the period. 25.48% of the stock is currently owned by hedge funds and other institutional investors.
Chicago Atlantic Real Estate Finance Trading Down 0.6%
NASDAQ:REFI opened at $13.46 on Monday. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $12.76 and a 12 month high of $16.29. The company has a market cap of $282.26 million, a PE ratio of 7.16 and a beta of 0.24. The company has a 50 day simple moving average of $14.16 and a two-hundred day simple moving average of $14.77.
Chicago Atlantic Real Estate Finance Announces Dividend
The business 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. This represents a $1.88 dividend on an annualized basis and a yield of 13.97%. The ex-dividend date of this dividend was Monday, June 30th. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is presently 100.00%.
About Chicago Atlantic Real Estate Finance
(
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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