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

AFC Gamma, Inc. (NASDAQ:AFCG) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $11.67.

Several equities analysts recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. 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 price objective on the stock.

Hedge Funds Weigh In On AFC Gamma

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Martingale Asset Management L P increased its position in AFC Gamma by 24.1% during the fourth quarter. Martingale Asset Management L P now owns 20,623 shares of the company’s stock worth $172,000 after purchasing an additional 4,005 shares during the last quarter. Tidal Investments LLC increased its position in AFC Gamma by 19.7% during the third quarter. Tidal Investments LLC now owns 519,610 shares of the company’s stock worth $5,305,000 after purchasing an additional 85,655 shares during the last quarter. Barclays PLC increased its position in 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 during the last quarter. McIlrath & Eck LLC acquired a new position in AFC Gamma during the third quarter worth approximately $52,000. Finally, Geode Capital Management LLC increased its position in AFC Gamma by 57.8% during the third quarter. Geode Capital Management LLC now owns 24,225 shares of the company’s stock worth $248,000 after purchasing an additional 8,877 shares during the last quarter. Institutional investors and hedge funds own 26.53% of the company’s stock.

AFC Gamma Stock Up 0.2 %

Shares of NASDAQ AFCG opened at $8.74 on Tuesday. AFC Gamma has a 12-month low of $7.94 and a 12-month high of $13.28. The company has a market capitalization of $191.87 million, a PE ratio of 21.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.92 and a quick ratio of 3.92. The firm’s 50-day moving average is $8.60 and its two-hundred day moving average is $9.46.

AFC Gamma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 15.10%. The ex-dividend date of this dividend was Tuesday, December 31st. AFC Gamma’s dividend payout ratio (DPR) is 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.