Perritt Capital Management Inc Sells 4,966 Shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Perritt Capital Management Inc lessened its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,113 shares of the company’s stock after selling 4,966 shares during the quarter. Perritt Capital Management Inc owned 0.28% of Chicago Atlantic Real Estate Finance worth $834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intrepid Capital Management Inc. raised its holdings in Chicago Atlantic Real Estate Finance by 503.1% in the 4th quarter. Intrepid Capital Management Inc. now owns 711,127 shares of the company’s stock valued at $10,966,000 after acquiring an additional 593,218 shares in the last quarter. Geode Capital Management LLC raised its stake in Chicago Atlantic Real Estate Finance by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 12,982 shares of the company’s stock valued at $201,000 after purchasing an additional 663 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in Chicago Atlantic Real Estate Finance by 149.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 25,168 shares of the company’s stock worth $388,000 after buying an additional 15,092 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Chicago Atlantic Real Estate Finance by 92.1% in the 4th quarter. JPMorgan Chase & Co. now owns 65,465 shares of the company’s stock valued at $1,009,000 after buying an additional 31,391 shares during the period. Finally, Quantbot Technologies LP bought a new position in Chicago Atlantic Real Estate Finance in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 25.48% of the company’s stock.

Analyst Ratings Changes

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

Chicago Atlantic Real Estate Finance Price Performance

REFI stock opened at $14.79 on Wednesday. The stock has a market cap of $309.02 million, a price-to-earnings ratio of 7.40 and a beta of 0.22. The company has a 50 day simple moving average of $15.61 and a 200 day simple moving average of $15.67. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $14.48 and a 1 year high of $16.47.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.71%. The ex-dividend date is Monday, March 31st. Chicago Atlantic Real Estate Finance’s payout ratio is 100.00%.

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.