Nisa Investment Advisors LLC Takes Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Nisa Investment Advisors LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds have also recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new position in Chicago Atlantic Real Estate Finance in the 4th quarter worth approximately $117,000. Everett Harris & Co. CA acquired a new position in Chicago Atlantic Real Estate Finance in the 1st quarter worth approximately $372,000. Clayton Partners LLC acquired a new position in Chicago Atlantic Real Estate Finance in the 4th quarter worth approximately $708,000. Pentwater Capital Management LP acquired a new position in Chicago Atlantic Real Estate Finance in the 4th quarter worth approximately $1,915,000. Finally, Contrarian Capital Management LLC acquired a new position in Chicago Atlantic Real Estate Finance in the 4th quarter worth approximately $2,772,000. Institutional investors and hedge funds own 17.40% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman John Mazarakis acquired 7,000 shares of the stock in a transaction on Monday, May 23rd. The shares were acquired at an average price of $15.50 per share, for a total transaction of $108,500.00. Following the transaction, the chairman now owns 163,250 shares in the company, valued at approximately $2,530,375. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 7,800 shares of company stock worth $120,953.

Chicago Atlantic Real Estate Finance Trading Up 0.2%

Shares of NASDAQ:REFI opened at $14.22 on Monday. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $14.03 and a twelve month high of $20.29. The company’s 50 day moving average is $15.70 and its 200 day moving average is $17.23.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. As a group, research analysts expect that Chicago Atlantic Real Estate Finance, Inc. will post 1.82 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 13.22%. The ex-dividend date of this dividend was Wednesday, June 29th. This is a positive change from Chicago Atlantic Real Estate Finance’s previous quarterly dividend of $0.40.

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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Institutional Ownership by Quarter for Chicago Atlantic Real Estate Finance (NASDAQ:REFI)

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