Everett Harris & Co. CA Sells 6,000 Shares of Chicago Atlantic Real Estate Finance, Inc. $REFI

Everett Harris & Co. CA lessened its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 24.5% in the second quarter, Holdings Channel.com reports. The fund owned 18,500 shares of the company’s stock after selling 6,000 shares during the quarter. Everett Harris & Co. CA’s holdings in Chicago Atlantic Real Estate Finance were worth $258,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fielder Capital Group LLC boosted its position in shares of Chicago Atlantic Real Estate Finance by 2.6% in the 2nd quarter. Fielder Capital Group LLC now owns 771,503 shares of the company’s stock worth $10,770,000 after purchasing an additional 19,883 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in Chicago Atlantic Real Estate Finance by 5.4% in the second quarter. Sage Mountain Advisors LLC now owns 163,808 shares of the company’s stock valued at $2,287,000 after buying an additional 8,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Chicago Atlantic Real Estate Finance by 88.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,198 shares of the company’s stock worth $1,679,000 after buying an additional 53,498 shares during the last quarter. HighTower Advisors LLC grew its position in shares of 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 buying an additional 3,363 shares during the period. Finally, Doliver Advisors LP increased its stake in shares of Chicago Atlantic Real Estate Finance by 74.5% in the 2nd quarter. Doliver Advisors LP now owns 80,588 shares of the company’s stock valued at $1,125,000 after acquiring an additional 34,400 shares during the last quarter. Institutional investors and hedge funds own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Down 0.9%

REFI opened at $12.82 on Thursday. The stock has a market capitalization of $270.25 million, a P/E ratio of 7.59 and a beta of 0.21. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $12.00 and a 12 month high of $16.29. The firm’s fifty day simple moving average is $13.06 and its 200 day simple moving average is $13.78.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 14.7%. The ex-dividend date was Tuesday, September 30th. Chicago Atlantic Real Estate Finance’s payout ratio is 111.24%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on REFI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, October 8th. Zacks Research cut shares of Chicago Atlantic Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Oppenheimer set a $14.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.00.

Insider Activity at Chicago Atlantic Real Estate Finance

In other news, CEO Peter Sack acquired 8,150 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was acquired at an average cost of $12.43 per share, for a total transaction of $101,304.50. Following the completion of the acquisition, the chief executive officer owned 81,257 shares in the company, valued at $1,010,024.51. This represents a 11.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO David Kite bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The stock was purchased at an average cost of $12.31 per share, for a total transaction of $30,775.00. Following the transaction, the chief operating officer owned 57,016 shares in the company, valued at $701,866.96. The trade was a 4.59% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 51,150 shares of company stock valued at $641,415 over the last ninety days. Company insiders own 8.30% of the company’s stock.

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.