Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Short Interest Update

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 108,300 shares, a growth of 36.9% from the November 30th total of 79,100 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 46,000 shares, the days-to-cover ratio is currently 2.4 days.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI stock opened at $15.00 on Friday. The firm has a market cap of $264.87 million and a price-to-earnings ratio of 7.58. Chicago Atlantic Real Estate Finance has a 52 week low of $13.87 and a 52 week high of $20.29. The firm’s 50-day simple moving average is $15.44 and its two-hundred day simple moving average is $15.21.

Chicago Atlantic Real Estate Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a $0.76 dividend. This is a positive change from Chicago Atlantic Real Estate Finance’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 29th. This represents a $3.04 annualized dividend and a yield of 20.27%. Chicago Atlantic Real Estate Finance’s payout ratio is currently 94.95%.

Insiders Activity

In other Chicago Atlantic Real Estate Finance news, CEO Anthony Cappell acquired 9,184 shares of Chicago Atlantic Real Estate Finance stock in a transaction dated Monday, December 12th. The stock was purchased at an average cost of $15.86 per share, for a total transaction of $145,658.24. Following the completion of the acquisition, the chief executive officer now directly owns 227,454 shares of the company’s stock, valued at $3,607,420.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Anthony Cappell purchased 9,184 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The shares were bought at an average cost of $15.86 per share, with a total value of $145,658.24. Following the completion of the transaction, the chief executive officer now directly owns 227,454 shares of the company’s stock, valued at $3,607,420.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Sack purchased 2,396 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The shares were purchased at an average cost of $15.86 per share, for a total transaction of $38,000.56. Following the completion of the transaction, the insider now directly owns 5,821 shares of the company’s stock, valued at $92,321.06. The disclosure for this purchase can be found here. Corporate insiders own 8.95% of the company’s stock.

Institutional Trading of Chicago Atlantic Real Estate Finance

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in Chicago Atlantic Real Estate Finance by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 18,528 shares of the company’s stock worth $267,000 after acquiring an additional 739 shares during the period. State Street Corp raised its position in shares of Chicago Atlantic Real Estate Finance by 11.5% in the third quarter. State Street Corp now owns 83,063 shares of the company’s stock valued at $1,236,000 after purchasing an additional 8,582 shares during the period. Vanguard Group Inc. raised its position in shares of Chicago Atlantic Real Estate Finance by 93.2% in the third quarter. Vanguard Group Inc. now owns 642,576 shares of the company’s stock valued at $9,259,000 after purchasing an additional 309,918 shares during the period. Perritt Capital Management Inc. raised its position in shares of Chicago Atlantic Real Estate Finance by 14.1% in the third quarter. Perritt Capital Management Inc. now owns 80,900 shares of the company’s stock valued at $1,166,000 after purchasing an additional 10,000 shares during the period. Finally, ETF Managers Group LLC raised its position in shares of Chicago Atlantic Real Estate Finance by 234.5% in the third quarter. ETF Managers Group LLC now owns 458,709 shares of the company’s stock valued at $6,610,000 after purchasing an additional 321,586 shares during the period. Institutional investors own 15.63% of the company’s stock.

About Chicago Atlantic Real Estate Finance

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Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry.

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