Seaport Res Ptn Comments on AFC Gamma FY2024 Earnings

AFC Gamma, Inc. (NASDAQ:AFCG) – Stock analysts at Seaport Res Ptn issued their FY2024 earnings estimates for AFC Gamma in a research note issued to investors on Wednesday, February 19th. Seaport Res Ptn analyst S. Randhawa expects that the company will earn $1.68 per share for the year. The consensus estimate for AFC Gamma’s current full-year earnings is $1.64 per share. Seaport Res Ptn also issued estimates for AFC Gamma’s Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.44 EPS and FY2025 earnings at $1.66 EPS.

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

AFC Gamma Stock Down 0.2 %

Shares of NASDAQ AFCG opened at $8.37 on Monday. AFC Gamma has a one year low of $7.80 and a one 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. The firm’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $9.44. The stock has a market capitalization of $183.72 million, a P/E ratio of 20.93 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AFCG. McIlrath & Eck LLC purchased a new position in AFC Gamma in the 3rd quarter worth approximately $52,000. GSA Capital Partners LLP bought a new position in shares of AFC Gamma during the 3rd quarter valued at approximately $140,000. Martingale Asset Management L P grew its position in 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 during the last quarter. Centiva Capital LP bought a new position in AFC Gamma in the 3rd quarter valued at $193,000. Finally, Barclays PLC grew its position in AFC Gamma by 257.0% in the 3rd quarter. Barclays PLC now owns 22,567 shares of the company’s stock valued at $231,000 after acquiring an additional 16,245 shares during the last quarter. 26.53% of the stock is currently owned by institutional investors.

AFC Gamma Dividend Announcement

The business also recently disclosed 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 was Tuesday, December 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 15.77%. AFC Gamma’s dividend payout ratio (DPR) is presently 330.00%.

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.