Sage Mountain Advisors LLC Buys 32,476 Shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Sage Mountain Advisors LLC lifted its holdings in shares of 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 Securities and Exchange Commission (SEC). The firm owned 155,408 shares of the company's stock after purchasing an additional 32,476 shares during the quarter. Sage Mountain Advisors LLC owned 0.74% of Chicago Atlantic Real Estate Finance worth $2,284,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter worth about $41,000. Tower Research Capital LLC TRC grew its holdings 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 worth $41,000 after buying an additional 838 shares in the last quarter. Russell Investments Group Ltd. grew its holdings 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 worth $51,000 after buying an additional 833 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Chicago Atlantic Real Estate Finance during the fourth quarter worth about $86,000. Finally, GAMMA Investing LLC grew its holdings in shares of Chicago Atlantic Real Estate Finance by 2,908.3% during the first quarter. GAMMA Investing LLC now owns 9,055 shares of the company's stock worth $133,000 after buying an additional 8,754 shares in the last quarter. Institutional investors and hedge funds own 25.48% of the company's stock.

Chicago Atlantic Real Estate Finance Stock Down 2.1%

Shares of NASDAQ:REFI traded down $0.29 during mid-day trading on Friday, reaching $13.31. 141,570 shares of the stock were exchanged, compared to its average volume of 113,165. The company has a market cap of $279.09 million, a P/E ratio of 7.09 and a beta of 0.24. Chicago Atlantic Real Estate Finance, Inc. has a one year low of $12.76 and a one year high of $16.47. The stock's 50 day simple moving average is $14.34 and its 200-day simple moving average is $14.86.

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 14.13%. 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.