Investing in Chicago Atlantic Real Estate Finance Inc. (REFI): What You Must Know


Chicago Atlantic Real Estate Finance Inc.’s filing revealed that its Executive COB Mazarakis John acquired Company’s shares for reported $0.13 million on Mar 14. In the deal valued at $13.19 per share,10,000 shares were bought. As a result of this transaction, Mazarakis John now holds 243,954 shares worth roughly $ 3.71 million.

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Then, Mazarakis John bought 9,184 shares, generating $145,658 in total proceeds. Upon buying the shares at $15.86, the Executive COB now owns 233,954 shares.

Before that, Cappell Anthony bought 9,184 shares. Chicago Atlantic Real Estate Finance Inc. shares valued at $145,658 were divested by the Chief Executive Officer at a price of $15.86 per share. As a result of the transaction, Cappell Anthony now holds 227,454 shares, worth roughly $3.46 million.

Piper Sandler initiated its Chicago Atlantic Real Estate Finance Inc. [REFI] rating to a Neutral in a research note published on Friday, September 01, 2023; the price target was $16. PT values the company’s stock at a premium of 4.94 to its Friday closing price.

Price Performance Review of REFI

On Friday, Chicago Atlantic Real Estate Finance Inc. [NASDAQ:REFI] saw its stock jump 0.60% to $15.21. On the same session, the stock had its day’s lowest price of $15.0175, but rose to a high of $15.2599. Over the last five days, the stock has gained 5.19%. Chicago Atlantic Real Estate Finance Inc. shares have risen nearly 0.93% since the year began. Nevertheless, the stocks have risen 1.48% over the past one year. While a 52-week high of $16.22 was reached on 06/16/23, a 52-week low of $12.91 was recorded on 03/17/23. SMA at 50 days reached $15.11, while 200 days put it at $14.88. A total of 74803.0 shares were traded, compared to the trading of 88300.0 shares in the previous session.

Levels Of Support And Resistance For REFI Stock

The 24-hour chart illustrates a support level at 15.07, which if violated will result in even more drops to 14.92. On the upside, there is a resistance level at 15.31. A further resistance level may holdings at 15.40. The Relative Strength Index (RSI) on the 14-day chart is 56.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.65%. Stochastics %K at 84.67% indicates the stock is a selling.

How much short interest is there in Chicago Atlantic Real Estate Finance Inc.?

A steep rise in short interest was recorded in Chicago Atlantic Real Estate Finance Inc. stocks on Aug 14, 2023, dropping by -0.12 million shares to a total of 0.26 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.38 million shares. There was a decline of -45.43%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.60% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.98.

Chicago Atlantic Real Estate Finance Inc. [REFI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 1,005,350 shares, or roughly 5.56% of the outstanding REFI shares. In other words, the investor’s shares have risen by 631,944 from its previous 13-F filing of 373406.0. Additionally, The Vanguard Group, Inc. increased 7.16% of its stake after which the total value it holdings stand at $9,031,773, while ETF Managers Group LLC reduced -53.12% of its stake to hold $5.78 million in the firm. At present, SSgA Funds Management, Inc. is holding 213,460 shares valued at $3.25 million. Fuh Hwa Securities Investment Tru owned 198,786 shares of the company at the time of its most recent 13F filing, worth $3.03 million.

According to FactSet, Chicago Atlantic Real Estate Finance Inc.’s share price will average $19.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.66 percent from its previous closing price of $15.12. Analysts expect Chicago Atlantic Real Estate Finance Inc. stock to reach the higher price of $23.00, while the lowest price estimate is $16.00. However, 4 analysts have rated REFI stock as an Overweight in their predictions for 2023.


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