AFC Gamma, Inc. (NASDAQ:AFCG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AFC Gamma, Inc. (NASDAQ:AFCG) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.67.

Several brokerages recently commented on AFCG. JMP Securities reaffirmed a “market perform” rating on shares of AFC Gamma in a research report on Thursday, January 23rd. Alliance Global Partners assumed coverage on AFC Gamma in a research report on Tuesday, December 17th. They issued a “buy” rating and a $13.00 target price for the company.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC increased its stake in shares of AFC Gamma by 19.7% in the third quarter. Tidal Investments LLC now owns 519,610 shares of the company’s stock valued at $5,305,000 after buying an additional 85,655 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of AFC Gamma in the third quarter valued at $193,000. Barclays PLC increased its stake in shares of AFC Gamma by 257.0% in the third quarter. Barclays PLC now owns 22,567 shares of the company’s stock valued at $231,000 after buying an additional 16,245 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of AFC Gamma by 22.9% in the third quarter. Penserra Capital Management LLC now owns 78,261 shares of the company’s stock valued at $799,000 after buying an additional 14,570 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of AFC Gamma in the third quarter valued at $140,000. 26.53% of the stock is currently owned by institutional investors and hedge funds.

AFC Gamma Stock Up 1.6 %

Shares of AFCG stock opened at $8.49 on Friday. The stock has a market cap of $186.38 million, a P/E ratio of 21.23 and a beta of 1.03. AFC Gamma has a one year low of $7.80 and a one year high of $13.28. The stock has a fifty day moving average price of $8.41 and a 200 day moving average price of $9.32. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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%.

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.