Connor Clark & Lunn Investment Management Ltd. Purchases 53,498 Shares of Chicago Atlantic Real Estate Finance, Inc. $REFI

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Chicago Atlantic Real Estate Finance by 88.1%, owning 114,198 shares valued at approximately $1.68 million.
• The company announced a quarterly dividend of $0.47 per share, resulting in an annualized dividend of $1.88 and a yield of 13.5%.
• Chicago Atlantic Real Estate Finance has a market capitalization of $293.64 million and a P/E ratio of 7.61.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 88.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,198 shares of the company's stock after acquiring an additional 53,498 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.54% of Chicago Atlantic Real Estate Finance worth $1,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Deutsche Bank AG increased its stake in shares of Chicago Atlantic Real Estate Finance by 689.4% in the 1st quarter. Deutsche Bank AG now owns 75,439 shares of the company's stock valued at $1,109,000 after purchasing an additional 65,882 shares during the last quarter. Fielder Capital Group LLC grew its position in Chicago Atlantic Real Estate Finance by 11.5% during the 1st quarter. Fielder Capital Group LLC now owns 751,620 shares of the company's stock worth $11,049,000 after acquiring an additional 77,334 shares during the last quarter. Larson Financial Group LLC grew its position in Chicago Atlantic Real Estate Finance by 269.2% during the 1st quarter. Larson Financial Group LLC now owns 2,920 shares of the company's stock worth $43,000 after acquiring an additional 2,129 shares during the last quarter. Sage Mountain Advisors LLC grew its position in Chicago Atlantic Real Estate Finance by 26.4% during the 1st quarter. Sage Mountain Advisors LLC now owns 155,408 shares of the company's stock worth $2,284,000 after acquiring an additional 32,476 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Chicago Atlantic Real Estate Finance by 260.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 18,691 shares of the company's stock worth $284,000 after buying an additional 13,511 shares during the period. Institutional investors own 25.48% of the company's stock.

Chicago Atlantic Real Estate Finance Trading Down 1.1%

NASDAQ:REFI traded down $0.16 during mid-day trading on Thursday, hitting $14.02. 63,861 shares of the company's stock were exchanged, compared to its average volume of 105,757. The company has a 50 day simple moving average of $13.85 and a 200-day simple moving average of $14.55. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $16.29. The firm has a market capitalization of $295.54 million, a P/E ratio of 7.66 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 13.4%. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is currently 102.73%.

Chicago Atlantic Real Estate Finance Company 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.