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

AFC Gamma, Inc. (NASDAQ:AFCG) has received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $9.67.

Several analysts have recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of AFC Gamma in a research report on Thursday, January 23rd. Alliance Global Partners started coverage on AFC Gamma in a research report on Tuesday, December 17th. They set a “buy” rating and a $13.00 target price on the stock. Finally, Jefferies Financial Group lowered AFC Gamma from a “buy” rating to a “hold” rating and cut their price target for the stock from $10.00 to $7.00 in a report on Friday.

AFC Gamma Trading Down 2.1 %

NASDAQ:AFCG opened at $6.62 on Friday. AFC Gamma has a 12 month low of $6.10 and a 12 month high of $13.28. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $8.34 and its 200 day moving average is $9.28. The stock has a market capitalization of $145.33 million, a PE ratio of 16.55 and a beta of 1.03.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. McIlrath & Eck LLC purchased a new stake in shares of AFC Gamma in the third quarter worth $52,000. GSA Capital Partners LLP bought a new position in AFC Gamma in the 3rd quarter worth about $140,000. Martingale Asset Management L P raised its holdings in shares of AFC Gamma by 24.1% in the 4th quarter. Martingale Asset Management L P now owns 20,623 shares of the company’s stock valued at $172,000 after acquiring an additional 4,005 shares in the last quarter. Centiva Capital LP bought a new stake in shares of AFC Gamma during the 3rd quarter valued at about $193,000. Finally, Barclays PLC grew its holdings in shares of AFC Gamma by 257.0% during the third quarter. Barclays PLC now owns 22,567 shares of the company’s stock worth $231,000 after purchasing an additional 16,245 shares in the last quarter. 26.53% of the stock is currently owned by hedge funds and other institutional investors.

About AFC Gamma

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.