Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 315.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,677 shares of the company’s stock after acquiring an additional 52,134 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Chicago Atlantic Real Estate Finance were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its holdings in Chicago Atlantic Real Estate Finance by 4.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,501 shares of the company’s stock valued at $276,000 after purchasing an additional 747 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Chicago Atlantic Real Estate Finance by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 37,337 shares of the company’s stock valued at $574,000 after purchasing an additional 909 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Chicago Atlantic Real Estate Finance by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,105 shares of the company’s stock valued at $365,000 after purchasing an additional 1,111 shares in the last quarter. Rhumbline Advisers lifted its holdings in Chicago Atlantic Real Estate Finance by 7.7% in the 2nd quarter. Rhumbline Advisers now owns 23,754 shares of the company’s stock valued at $365,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Chicago Atlantic Real Estate Finance by 17.5% in the 2nd quarter. Renaissance Technologies LLC now owns 36,300 shares of the company’s stock valued at $558,000 after purchasing an additional 5,400 shares in the last quarter. 25.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 shares were acquired at an average cost of $15.82 per share, for a total transaction of $43,963.78. Following the acquisition, the insider now directly owns 372,709 shares in the company, valued at approximately $5,896,256.38. The trade was a 0.75 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 12.30% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Up 0.3 %

NASDAQ:REFI opened at $16.09 on Thursday. The firm has a market cap of $315.85 million, a price-to-earnings ratio of 8.05 and a beta of 0.21. The company’s 50-day moving average is $15.60 and its two-hundred day moving average is $15.64. Chicago Atlantic Real Estate Finance, Inc. has a 12-month low of $14.82 and a 12-month high of $17.65.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 11.68%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 94.00%.

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.