Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Coverage Initiated at Alliance Global Partners

Alliance Global Partners initiated coverage on shares of Chicago Atlantic Real Estate Finance (NASDAQ:REFI) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $20.00 target price on the stock.

Chicago Atlantic Real Estate Finance Trading Down 0.6 %

NASDAQ:REFI opened at $16.09 on Tuesday. The company has a 50 day simple moving average of $15.74 and a two-hundred day simple moving average of $15.69. The company has a market cap of $315.85 million, a PE ratio of 8.05 and a beta of 0.23. Chicago Atlantic Real Estate Finance has a 12 month low of $14.82 and a 12 month high of $17.65.

Insider Buying and Selling at Chicago Atlantic Real Estate Finance

In other Chicago Atlantic Real Estate Finance news, insider John Mazarakis acquired 2,779 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $15.82 per share, with a total value of $43,963.78. Following the completion of the acquisition, the insider now owns 372,709 shares in the company, valued at $5,896,256.38. This represents a 0.75 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

A number of hedge funds have recently modified their holdings of REFI. Janus Henderson Group PLC purchased a new position in Chicago Atlantic Real Estate Finance during the third quarter valued at $160,000. Townsquare Capital LLC bought a new position in shares of Chicago Atlantic Real Estate Finance in the third quarter worth about $162,000. Doliver Advisors LP purchased a new position in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter valued at about $171,000. Martingale Asset Management L P grew its stake in shares of Chicago Atlantic Real Estate Finance by 10.4% during the 3rd quarter. Martingale Asset Management L P now owns 18,045 shares of the company’s stock valued at $280,000 after acquiring an additional 1,703 shares during the period. Finally, United Advisor Group LLC purchased a new stake in Chicago Atlantic Real Estate Finance in the 3rd quarter worth approximately $319,000. Institutional investors own 25.48% of the company’s stock.

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.