AFC Gamma (NASDAQ:AFCG) Issues Earnings Results, Misses Estimates By $0.11 EPS

AFC Gamma (NASDAQ:AFCG) posted its earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.11), Zacks reports. AFC Gamma had a return on equity of 12.93% and a net margin of 13.69%.

AFC Gamma Stock Performance

NASDAQ AFCG opened at $8.49 on Thursday. The company has a fifty day moving average of $8.41 and a two-hundred day moving average of $9.32. The company has a market capitalization of $186.38 million, a PE ratio of 21.23 and a beta of 1.03. AFC Gamma has a 1 year low of $7.80 and a 1 year high of $13.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.92 and a quick ratio of 3.92.

AFC Gamma Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.32 annualized dividend and a yield of 15.55%. AFC Gamma’s dividend payout ratio is currently 330.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Alliance Global Partners started coverage on AFC Gamma in a report on Tuesday, December 17th. They issued a “buy” rating and a $13.00 target price for the company. JMP Securities restated a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.67.

AFC Gamma Company Profile

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.