Martingale Asset Management L P Raises Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Martingale Asset Management L P lifted its stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,045 shares of the company’s stock after acquiring an additional 1,703 shares during the quarter. Martingale Asset Management L P’s holdings in Chicago Atlantic Real Estate Finance were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Townsquare Capital LLC purchased a new stake in Chicago Atlantic Real Estate Finance during the 3rd quarter worth about $162,000. The Manufacturers Life Insurance Company grew its position in shares of Chicago Atlantic Real Estate Finance by 6.6% during the third quarter. The Manufacturers Life Insurance Company now owns 21,684 shares of the company’s stock worth $336,000 after buying an additional 1,349 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Chicago Atlantic Real Estate Finance by 315.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,677 shares of the company’s stock worth $1,065,000 after buying an additional 52,134 shares during the period. United Advisor Group LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the third quarter valued at approximately $319,000. Finally, Gladstone Institutional Advisory LLC purchased a new position in Chicago Atlantic Real Estate Finance in the third quarter worth approximately $504,000. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chicago Atlantic Real Estate Finance

In related news, insider John Mazarakis purchased 2,779 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $15.82 per share, for a total transaction of $43,963.78. Following the completion of the purchase, the insider now directly owns 372,709 shares of the company’s stock, valued at approximately $5,896,256.38. This trade represents a 0.75 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.30% of the stock is owned by insiders.

Chicago Atlantic Real Estate Finance Trading Down 0.7 %

Shares of NASDAQ:REFI opened at $16.08 on Wednesday. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $14.82 and a 52 week high of $17.65. The company’s 50 day moving average is $15.62 and its two-hundred day moving average is $15.65. The company has a market cap of $315.65 million, a PE ratio of 8.04 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, October 15th. Investors of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 11.69%. The ex-dividend date was Monday, September 30th. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is presently 94.00%.

About Chicago Atlantic Real Estate Finance

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.