Sage Mountain Advisors LLC Raises Holdings in Chicago Atlantic Real Estate Finance, Inc. $REFI

Sage Mountain Advisors LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 163,808 shares of the company’s stock after acquiring an additional 8,400 shares during the period. Sage Mountain Advisors LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $2,287,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Martingale Asset Management L P increased its holdings in Chicago Atlantic Real Estate Finance by 4.9% during the 1st 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. Larson Financial Group LLC increased its holdings 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 purchasing an additional 2,129 shares during the period. Strs Ohio purchased a new stake in Chicago Atlantic Real Estate Finance during the 1st quarter worth about $47,000. HighTower Advisors LLC increased its holdings in Chicago Atlantic Real Estate Finance by 4.3% during the 1st quarter. HighTower Advisors LLC now owns 81,929 shares of the company’s stock worth $1,204,000 after purchasing an additional 3,363 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of Chicago Atlantic Real Estate Finance by 182.3% during the 1st quarter. Quantbot Technologies LP now owns 7,428 shares of the company’s stock worth $109,000 after acquiring an additional 4,797 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chicago Atlantic Real Estate Finance in a research report on Friday. Zacks Research raised Chicago Atlantic Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chicago Atlantic Real Estate Finance presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Insider Buying and Selling

In related news, Chairman John Mazarakis bought 8,000 shares of the stock in a transaction on Thursday, October 16th. The shares were bought at an average cost of $12.75 per share, for a total transaction of $102,000.00. Following the purchase, the chairman owned 416,607 shares of the company’s stock, valued at $5,311,739.25. This trade represents a 1.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO David Kite bought 2,500 shares of the stock in a transaction on Tuesday, October 14th. The stock was bought at an average price of $12.31 per share, for a total transaction of $30,775.00. Following the completion of the purchase, the chief operating officer directly owned 57,016 shares in the company, valued at approximately $701,866.96. The trade was a 4.59% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 51,150 shares of company stock worth $641,415. 8.30% of the stock is currently owned by insiders.

Chicago Atlantic Real Estate Finance Stock Up 0.6%

NASDAQ:REFI opened at $13.18 on Friday. The stock’s 50 day moving average price is $13.40 and its 200 day moving average price is $13.86. The company has a market capitalization of $277.83 million, a PE ratio of 7.20 and a beta of 0.21. Chicago Atlantic Real Estate Finance, Inc. has a 52-week low of $12.00 and a 52-week high of $16.29.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 14.3%. The ex-dividend date was Tuesday, September 30th. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is currently 102.73%.

Chicago Atlantic Real Estate Finance 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.