Sage Mountain Advisors LLC Has $2.28 Million Stock Holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Sage Mountain Advisors LLC grew its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 155,408 shares of the company's stock after purchasing an additional 32,476 shares during the quarter. Sage Mountain Advisors LLC owned about 0.74% of Chicago Atlantic Real Estate Finance worth $2,284,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of REFI. Intrepid Capital Management Inc. increased its holdings in Chicago Atlantic Real Estate Finance by 503.1% in the fourth quarter. Intrepid Capital Management Inc. now owns 711,127 shares of the company's stock valued at $10,966,000 after purchasing an additional 593,218 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Chicago Atlantic Real Estate Finance by 0.9% in the fourth quarter. Tidal Investments LLC now owns 489,926 shares of the company's stock worth $7,555,000 after acquiring an additional 4,316 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Chicago Atlantic Real Estate Finance by 9.6% in the fourth quarter. Northern Trust Corp now owns 149,804 shares of the company's stock worth $2,310,000 after acquiring an additional 13,113 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Chicago Atlantic Real Estate Finance by 2.8% in the fourth quarter. HighTower Advisors LLC now owns 78,566 shares of the company's stock worth $1,211,000 after acquiring an additional 2,148 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Chicago Atlantic Real Estate Finance by 92.1% in the fourth quarter. JPMorgan Chase & Co. now owns 65,465 shares of the company's stock worth $1,009,000 after acquiring an additional 31,391 shares in the last quarter. Institutional investors and hedge funds own 25.48% of the company's stock.

Chicago Atlantic Real Estate Finance Price Performance

Shares of Chicago Atlantic Real Estate Finance stock traded up $0.08 during trading hours on Wednesday, hitting $13.78. The company's stock had a trading volume of 118,408 shares, compared to its average volume of 113,098. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $12.76 and a 12 month high of $16.47. The stock has a 50 day moving average of $14.37 and a 200 day moving average of $14.87. The company has a market capitalization of $288.97 million, a PE ratio of 7.33 and a beta of 0.24.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.64%. Chicago Atlantic Real Estate Finance's payout ratio is presently 100.00%.

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.