Intrepid Capital Management Inc. Has $10.97 Million Stock Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Intrepid Capital Management Inc. lifted its position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 503.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 711,127 shares of the company’s stock after buying an additional 593,218 shares during the period. Chicago Atlantic Real Estate Finance makes up 5.6% of Intrepid Capital Management Inc.’s holdings, making the stock its 4th largest position. Intrepid Capital Management Inc. owned about 3.62% of Chicago Atlantic Real Estate Finance worth $10,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of REFI. Tidal Investments LLC lifted its stake in Chicago Atlantic Real Estate Finance by 21.4% in the 3rd quarter. Tidal Investments LLC now owns 485,610 shares of the company’s stock worth $7,532,000 after acquiring an additional 85,481 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance by 242.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 120,576 shares of the company’s stock worth $1,859,000 after acquiring an additional 85,399 shares in the last quarter. Fielder Capital Group LLC grew its holdings in Chicago Atlantic Real Estate Finance by 8.8% during the fourth quarter. Fielder Capital Group LLC now owns 674,286 shares of the company’s stock valued at $10,397,000 after purchasing an additional 54,605 shares during the last quarter. State Street Corp lifted its position in Chicago Atlantic Real Estate Finance by 15.1% during the 3rd quarter. State Street Corp now owns 400,790 shares of the company’s stock worth $6,403,000 after acquiring an additional 52,497 shares during the last quarter. Finally, Magnus Financial Group LLC bought a new position in Chicago Atlantic Real Estate Finance during the fourth quarter worth $508,000. 25.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th. Alliance Global Partners initiated 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 target price for the company.

Chicago Atlantic Real Estate Finance Trading Up 0.6 %

Shares of REFI opened at $14.79 on Wednesday. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $14.48 and a 12 month high of $16.47. The firm’s fifty day simple moving average is $15.61 and its two-hundred day simple moving average is $15.67. The stock has a market capitalization of $309.02 million, a P/E ratio of 7.40 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 of this dividend is Monday, March 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 100.00%.

Chicago Atlantic Real Estate Finance 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.