John Mazarakis, Executive Chairman of the Board at Chicago Atlantic Real Estate (NASDAQ:REFI) Finance, Inc. (NASDAQ:REFI), recently engaged in a series of stock transactions involving the company's common stock. According to the latest SEC filing, Mazarakis sold 2,779 shares on November 7, 2024, at a price of $15.8578 per share, totaling approximately $44,068.
Following this sale, Mazarakis reacquired the same number of shares on November 8, 2024, at a price of $15.82 per share, amounting to around $43,963. This buyback was conducted to offset the margin requirement-triggered sale, and Mazarakis has voluntarily returned the $105 profit from these transactions to the company.
After these transactions, Mazarakis holds 372,709 shares directly. Additionally, he indirectly holds 5,000 shares through his spouse and 31,524 shares via Joppa Seasoning, LLC, although he disclaims beneficial ownership beyond his financial interest in these shares.
InvestingPro Insights
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) presents an interesting investment profile, particularly in light of John Mazarakis's recent stock transactions. According to InvestingPro data, REFI boasts a market capitalization of $309.64 million and a P/E ratio of 7.79, suggesting the stock may be undervalued relative to its earnings.
One of the most striking features of REFI is its dividend yield, which stands at an impressive 16.69%. This aligns with an InvestingPro Tip indicating that the company "pays a significant dividend to shareholders." Moreover, REFI has demonstrated a commitment to increasing shareholder value, with a dividend growth rate of 40.43% over the last twelve months.
Another InvestingPro Tip highlights that REFI "has raised its dividend for 3 consecutive years," which may appeal to income-focused investors seeking consistent dividend growth. This trend, coupled with the company's profitability over the last twelve months, suggests a stable financial foundation.
It's worth noting that REFI's stock price is currently at 91.13% of its 52-week high, indicating potential room for growth. The InvestingPro Fair Value estimate of $17.99 further supports this notion, as it suggests the stock may be undervalued at its previous closing price of $15.77.
For investors interested in a deeper analysis, InvestingPro offers additional tips and insights that could provide a more comprehensive view of REFI's investment potential.
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