AFC Gamma, Inc. (NASDAQ:AFCG) Given Average Recommendation of “Moderate Buy” by Analysts

AFC Gamma, Inc. (NASDAQ:AFCG) has received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $11.67.

A number of research analysts have issued reports on the stock. Alliance Global Partners assumed coverage on shares of AFC Gamma in a research note on Tuesday, December 17th. They set a “buy” rating and a $13.00 target price for the company. JMP Securities reaffirmed a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd.

Institutional Trading of AFC Gamma

Several institutional investors and hedge funds have recently added to or reduced their stakes in AFCG. Tidal Investments LLC lifted its stake in AFC Gamma by 19.7% during the third quarter. Tidal Investments LLC now owns 519,610 shares of the company’s stock valued at $5,305,000 after purchasing an additional 85,655 shares during the last quarter. Ritholtz Wealth Management lifted its stake in AFC Gamma by 91.1% during the third quarter. Ritholtz Wealth Management now owns 60,820 shares of the company’s stock valued at $621,000 after purchasing an additional 28,998 shares during the last quarter. Centiva Capital LP acquired a new stake in AFC Gamma during the third quarter valued at approximately $193,000. Barclays PLC lifted its stake in AFC Gamma by 257.0% during the third quarter. Barclays PLC now owns 22,567 shares of the company’s stock valued at $231,000 after purchasing an additional 16,245 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in AFC Gamma by 22.9% during the third quarter. Penserra Capital Management LLC now owns 78,261 shares of the company’s stock valued at $799,000 after purchasing an additional 14,570 shares during the last quarter. 26.53% of the stock is owned by institutional investors and hedge funds.

AFC Gamma Trading Up 0.2 %

AFC Gamma stock opened at $8.74 on Tuesday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $8.61 and a two-hundred day moving average price of $9.46. The firm has a market capitalization of $191.84 million, a price-to-earnings ratio of 21.85 and a beta of 1.05. AFC Gamma has a 52-week low of $7.94 and a 52-week high of $13.28.

AFC Gamma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 15.10%. The ex-dividend date of this dividend was Tuesday, December 31st. AFC Gamma’s dividend payout ratio is currently 330.00%.

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.