Jane Street Group LLC Trims Stake in AFC Gamma, Inc. (NASDAQ:AFCG)

Jane Street Group LLC trimmed its stake in AFC Gamma, Inc. (NASDAQ:AFCG) by 16.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,916 shares of the company’s stock after selling 4,349 shares during the period. Jane Street Group LLC owned 0.11% of AFC Gamma worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp increased its stake in AFC Gamma by 2.8% in the 3rd quarter. State Street Corp now owns 376,611 shares of the company’s stock worth $3,968,000 after buying an additional 10,320 shares in the last quarter. Centiva Capital LP purchased a new stake in AFC Gamma in the 3rd quarter worth $193,000. Penserra Capital Management LLC increased its stake in AFC Gamma by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 78,261 shares of the company’s stock worth $799,000 after buying an additional 14,570 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in AFC Gamma by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,403 shares of the company’s stock worth $515,000 after buying an additional 2,200 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in AFC Gamma in the 3rd quarter worth $140,000. Hedge funds and other institutional investors own 26.53% of the company’s stock.

AFC Gamma Stock Down 3.0 %

Shares of NASDAQ:AFCG opened at $8.22 on Friday. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.29. AFC Gamma, Inc. has a 12 month low of $8.06 and a 12 month high of $13.28. The company has a 50-day moving average price of $9.22 and a 200 day moving average price of $9.79. The company has a market cap of $180.45 million, a price-to-earnings ratio of 20.55 and a beta of 1.05.

AFC Gamma Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 16.06%. The ex-dividend date is Tuesday, December 31st. AFC Gamma’s payout ratio is 330.00%.

Wall Street Analysts Forecast Growth

AFCG has been the subject of several research reports. Seaport Res Ptn raised shares of AFC Gamma to a “strong-buy” rating in a report on Tuesday, October 8th. Alliance Global Partners initiated coverage on shares of AFC Gamma in a report on Tuesday, December 17th. They set a “buy” rating and a $13.00 price objective for the company. Two 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

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.