Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 289,400 shares, a decline of 17.1% from the April 30th total of 349,300 shares. Based on an average daily trading volume, of 135,100 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.6% of the company's shares are short sold.
Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in shares of Chicago Atlantic Real Estate Finance during the first quarter valued at about $47,000. Jane Street Group LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the first quarter valued at about $186,000. Ascent Group LLC purchased a new stake in Chicago Atlantic Real Estate Finance in the first quarter worth about $185,000. State of Wyoming purchased a new stake in Chicago Atlantic Real Estate Finance in the first quarter worth about $204,000. Finally, Martingale Asset Management L P grew its holdings in Chicago Atlantic Real Estate Finance by 4.9% in the first quarter. Martingale Asset Management L P now owns 19,241 shares of the company's stock worth $283,000 after purchasing an additional 901 shares during the period. Hedge funds and other institutional investors own 25.48% of the company's stock.
Chicago Atlantic Real Estate Finance Stock Performance
Shares of NASDAQ REFI traded up $0.07 during midday trading on Friday, hitting $14.36. 76,837 shares of the company traded hands, compared to its average volume of 113,332. Chicago Atlantic Real Estate Finance has a 12-month low of $12.76 and a 12-month high of $16.47. The stock has a 50-day moving average price of $14.36 and a 200 day moving average price of $15.25. The firm has a market cap of $301.09 million, a P/E ratio of 7.18 and a beta of 0.25.
Chicago Atlantic Real Estate Finance Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 13.09%. The ex-dividend date of this dividend was Monday, March 31st. Chicago Atlantic Real Estate Finance's dividend payout ratio is currently 100.00%.
About Chicago Atlantic Real Estate Finance
(
Get 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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