Seaport Res Ptn Weighs in on AFC Gamma FY2024 Earnings

AFC Gamma, Inc. (NASDAQ:AFCG) – Equities research analysts at Seaport Res Ptn issued their FY2024 EPS estimates for shares of AFC Gamma in a note issued to investors on Wednesday, February 19th. Seaport Res Ptn analyst S. Randhawa forecasts that the company will earn $1.68 per share for the year. The consensus estimate for AFC Gamma’s current full-year earnings is $1.60 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.

AFCG has been the subject of several other reports. JMP Securities reiterated a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. Alliance Global Partners began coverage on shares of AFC Gamma in a research note on Tuesday, December 17th. They issued a “buy” rating and a $13.00 price target for the company. Two research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.67.

AFC Gamma Stock Down 7.8 %

Shares of NASDAQ AFCG opened at $7.91 on Monday. 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 has a 12 month low of $7.80 and a 12 month high of $13.28. The firm has a market capitalization of $173.62 million, a PE ratio of 19.78 and a beta of 1.05. The firm has a fifty day simple moving average of $8.52 and a two-hundred day simple moving average of $9.45.

AFC Gamma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 16.69%. The ex-dividend date of this dividend was Tuesday, December 31st. AFC Gamma’s payout ratio is presently 330.00%.

Institutional Trading of AFC Gamma

A number of institutional investors have recently made changes to their positions in the stock. Martingale Asset Management L P boosted its holdings in shares of AFC Gamma by 24.1% during 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. Tidal Investments LLC boosted its holdings 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 worth $5,305,000 after buying an additional 85,655 shares during the last quarter. Barclays PLC boosted its holdings in shares of AFC Gamma by 257.0% in the third quarter. Barclays PLC now owns 22,567 shares of the company’s stock worth $231,000 after buying an additional 16,245 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of AFC Gamma in the third quarter worth approximately $52,000. Finally, Geode Capital Management LLC boosted its holdings in shares of AFC Gamma by 57.8% in the third quarter. Geode Capital Management LLC now owns 24,225 shares of the company’s stock worth $248,000 after buying an additional 8,877 shares during the last quarter. Hedge funds and other institutional investors own 26.53% of the company’s stock.

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.