Insider Buying Activity: REFI and FAST on Friday 10/17

Executive Chairman John Mazarakis of Chicago Atlantic Real Estate Finance purchased 8,000 shares at $12.75 each for a total of $102,000, up 2.7% from the high point of today's trading session. Director Hsenghung Sam Hsu bought 1,000 shares of Fastenal for $42.45 each, a total of $42,450. Both companies are trading up on the day, with Chicago Atlantic Real Estate Finance up 4.7% and Fastenal up 0.6%.

Executive Chairman John Mazarakis of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) recently purchased 8,000 shares of the company's common stock at $12.75 each, totaling $102,000. This acquisition represents a 2.7% increase from the high point of today's trading session. The purchase comes as Chicago Atlantic Real Estate Finance is up 4.7% on the day, according to a MarketScreener notice.

Meanwhile, Director Hsenghung Sam Hsu of Fastenal Company (NASDAQ: FAST) bought 1,000 shares of the company's common stock at $42.45 each, totaling $42,450. This transaction occurred while Fastenal is trading up 0.6% on the day, per a FinancialModelingPrep analysis.

These insider purchases can be seen as a vote of confidence in the companies' future prospects. For Chicago Atlantic, the purchase by its executive chairman underscores the management's belief in the company's opportunities and the execution of its commitment to generating strong risk-adjusted returns for shareholders. Similarly, Director Hsu's purchase at Fastenal signals confidence in the company's future prospects, despite recent stock price fluctuations noted in the FinancialModelingPrep analysis.

Both companies have demonstrated resilience and growth amidst challenging market conditions. Chicago Atlantic, a commercial mortgage REIT, has closed over $2.8 billion in credit and equity investments to date, utilizing significant real estate, credit, and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States, as described in the MarketScreener notice. Fastenal, a leading distributor of industrial and construction supplies, has shown growth and resilience in a competitive market, with its revenue growing by 11.7% in the latest quarter, according to the FinancialModelingPrep analysis.

As both companies continue to navigate the market, investors should keep an eye on their respective financial performances and any future insider transactions, which can provide additional insights into the companies' prospects.