Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Now Covered by Analysts at Alliance Global Partners

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

Chicago Atlantic Real Estate Finance Price Performance

Shares of Chicago Atlantic Real Estate Finance stock opened at $16.09 on Tuesday. Chicago Atlantic Real Estate Finance has a 1 year low of $14.82 and a 1 year high of $17.65. The firm has a market cap of $315.85 million, a price-to-earnings ratio of 8.05 and a beta of 0.23. The company has a 50-day moving average of $15.74 and a 200 day moving average of $15.69.

Insider Buying and Selling

In related news, insider John Mazarakis purchased 2,779 shares of the stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of $15.82 per share, with a total value of $43,963.78. Following the transaction, the insider now directly owns 372,709 shares in the company, valued at $5,896,256.38. This trade represents a 0.75 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.30% of the stock is currently owned by company insiders.

Institutional Trading of Chicago Atlantic Real Estate Finance

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

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.