Townsquare Capital LLC Acquires Shares of 10,440 Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Townsquare Capital LLC bought a new position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,440 shares of the company’s stock, valued at approximately $162,000. Townsquare Capital LLC owned 0.05% of Chicago Atlantic Real Estate Finance as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fielder Capital Group LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the second quarter valued at approximately $8,412,000. Sage Mountain Advisors LLC grew its stake in shares of Chicago Atlantic Real Estate Finance by 83.4% during the 2nd quarter. Sage Mountain Advisors LLC now owns 133,467 shares of the company’s stock worth $2,050,000 after purchasing an additional 60,682 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Chicago Atlantic Real Estate Finance by 315.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,677 shares of the company’s stock valued at $1,065,000 after purchasing an additional 52,134 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Chicago Atlantic Real Estate Finance by 5.6% in the first quarter. Vanguard Group Inc. now owns 809,997 shares of the company’s stock valued at $12,774,000 after purchasing an additional 42,740 shares during the period. Finally, Gladstone Institutional Advisory LLC purchased a new stake in Chicago Atlantic Real Estate Finance during the third quarter worth about $504,000. Institutional investors and hedge funds own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Down 1.2 %

Shares of Chicago Atlantic Real Estate Finance stock opened at $16.01 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a 12-month low of $14.82 and a 12-month high of $17.65. The stock has a market cap of $314.28 million, a PE ratio of 8.01 and a beta of 0.23. The company has a 50-day moving average of $15.64 and a two-hundred day moving average of $15.66.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.74%. The ex-dividend date was Monday, September 30th. Chicago Atlantic Real Estate Finance’s dividend payout ratio is presently 94.00%.

Insider Activity at Chicago Atlantic Real Estate Finance

In related news, insider John Mazarakis acquired 2,779 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $15.82 per share, for a total transaction of $43,963.78. Following the transaction, the insider now owns 372,709 shares of the company’s stock, valued at approximately $5,896,256.38. The trade was a 0.75 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.30% 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.