Fielder Capital Group LLC Boosts Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Fielder Capital Group LLC grew its position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 8.8% during the 4th quarter, HoldingsChannel reports. The fund owned 674,286 shares of the company’s stock after purchasing an additional 54,605 shares during the period. Chicago Atlantic Real Estate Finance comprises about 3.2% of Fielder Capital Group LLC’s investment portfolio, making the stock its 7th largest holding. Fielder Capital Group LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $10,397,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Chicago Atlantic Real Estate Finance during the 4th quarter valued at about $119,000. Janus Henderson Group PLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter valued at approximately $160,000. Townsquare Capital LLC bought a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter valued at approximately $162,000. Bleakley Financial Group LLC bought a new position in shares of Chicago Atlantic Real Estate Finance during the fourth quarter valued at approximately $164,000. Finally, HB Wealth Management LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the fourth quarter worth approximately $191,000. Institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Price Performance

Shares of REFI stock opened at $16.05 on Friday. The company has a market capitalization of $315.13 million, a P/E ratio of 8.03 and a beta of 0.23. The company’s 50-day simple moving average is $15.63 and its two-hundred day simple moving average is $15.68. Chicago Atlantic Real Estate Finance, Inc. has a one year low of $14.82 and a one year high of $16.49.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 11.71%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is currently 94.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Alliance Global Partners began coverage on Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They set a “buy” rating and a $20.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th.

Chicago Atlantic Real Estate Finance Company 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.