Chicago Atlantic Real Estate Finance, Inc. $REFI Shares Sold by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. cut its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 65.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,922 shares of the company’s stock after selling 140,905 shares during the period. Intrepid Capital Management Inc. owned approximately 0.35% of Chicago Atlantic Real Estate Finance worth $906,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Chicago Atlantic Real Estate Finance by 11.4% in the 4th quarter. Barclays PLC now owns 28,486 shares of the company’s stock worth $349,000 after acquiring an additional 2,916 shares during the period. Vivaldi Capital Management LP acquired a new stake in Chicago Atlantic Real Estate Finance in the fourth quarter worth approximately $124,000. Wells Fargo & Company MN lifted its position in Chicago Atlantic Real Estate Finance by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 20,352 shares of the company’s stock worth $250,000 after purchasing an additional 6,433 shares during the period. Jane Street Group LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the fourth quarter worth approximately $747,000. Finally, HRT Financial LP acquired a new stake in Chicago Atlantic Real Estate Finance in the fourth quarter worth approximately $202,000. 25.48% of the stock is owned by institutional investors and hedge funds.

Chicago Atlantic Real Estate Finance Stock Up 0.5%

Shares of NASDAQ:REFI opened at $11.37 on Friday. The company’s fifty day moving average is $11.55 and its two-hundred day moving average is $12.09. Chicago Atlantic Real Estate Finance, Inc. has a 12-month low of $10.74 and a 12-month high of $14.62. The company has a market cap of $241.16 million, a P/E ratio of 7.90 and a beta of 0.23.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Chicago Atlantic Real Estate Finance had a return on equity of 11.98% and a net margin of 55.54%.The company had revenue of $12.92 million during the quarter, compared to analyst estimates of $13.69 million. Equities research analysts anticipate that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on REFI shares. Zacks Research downgraded Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings upgraded Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 28th. Finally, Oppenheimer downgraded Chicago Atlantic Real Estate Finance from an “outperform” rating to a “market perform” rating in a research report on Monday, March 16th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Chicago Atlantic Real Estate Finance Company Profile

Chicago Atlantic Real Estate Finance, Inc (NASDAQ:REFI) is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019.