Newbridge Financial Services Group Inc. Makes New $37,000 Investment in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Newbridge Financial Services Group Inc. purchased a new stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFIFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,350 shares of the company’s stock, valued at approximately $37,000.

Other large investors have also added to or reduced their stakes in the company. Sage Mountain Advisors LLC raised its holdings in Chicago Atlantic Real Estate Finance by 1.2% in the 1st quarter. Sage Mountain Advisors LLC now owns 72,785 shares of the company’s stock valued at $1,148,000 after acquiring an additional 872 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Chicago Atlantic Real Estate Finance during the first quarter worth about $33,000. Tower Research Capital LLC TRC grew its stake in Chicago Atlantic Real Estate Finance by 501.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,629 shares of the company’s stock worth $91,000 after buying an additional 4,693 shares in the last quarter. Jump Financial LLC increased its holdings in Chicago Atlantic Real Estate Finance by 8.8% in the 4th quarter. Jump Financial LLC now owns 11,100 shares of the company’s stock valued at $180,000 after buying an additional 900 shares during the period. Finally, Truist Financial Corp raised its position in shares of Chicago Atlantic Real Estate Finance by 22.8% in the 4th quarter. Truist Financial Corp now owns 16,144 shares of the company’s stock valued at $261,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Down 0.4 %

Shares of REFI stock traded down $0.06 during trading hours on Tuesday, hitting $15.67. 55,975 shares of the company’s stock traded hands, compared to its average volume of 94,696. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $13.86 and a 12 month high of $17.65. The stock has a market cap of $299.30 million, a PE ratio of 7.87 and a beta of 0.22. The stock’s 50 day simple moving average is $15.75 and its 200 day simple moving average is $15.83.

Chicago Atlantic Real Estate Finance Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 12.00%. The ex-dividend date was Wednesday, March 27th. Chicago Atlantic Real Estate Finance’s payout ratio is presently 94.47%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on REFI shares. Lake Street Capital raised Chicago Atlantic Real Estate Finance to a “strong-buy” rating in a research note on Tuesday, May 7th. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, March 13th.

Check Out Our Latest Analysis on REFI

Chicago Atlantic Real Estate Finance Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding REFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFIFree Report).

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

Receive News & Ratings for Chicago Atlantic Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Atlantic Real Estate Finance and related companies with MarketBeat.com's FREE daily email newsletter.