GSA Capital Partners LLP Buys New Shares in AFC Gamma, Inc. (NASDAQ:AFCG)

GSA Capital Partners LLP acquired a new stake in shares of AFC Gamma, Inc. (NASDAQ:AFCG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,721 shares of the company’s stock, valued at approximately $140,000. GSA Capital Partners LLP owned about 0.07% of AFC Gamma as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in shares of AFC Gamma by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 23,296 shares of the company’s stock worth $284,000 after purchasing an additional 1,071 shares during the period. Spire Wealth Management raised its holdings in AFC Gamma by 141.5% during the 2nd quarter. Spire Wealth Management now owns 29,700 shares of the company’s stock worth $362,000 after buying an additional 17,400 shares during the period. Ritholtz Wealth Management lifted its stake in AFC Gamma by 51.1% during the second quarter. Ritholtz Wealth Management now owns 31,822 shares of the company’s stock valued at $388,000 after buying an additional 10,758 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of AFC Gamma by 88.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 46,806 shares of the company’s stock worth $579,000 after buying an additional 21,915 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AFC Gamma by 15.2% in the second quarter. Bank of New York Mellon Corp now owns 75,763 shares of the company’s stock worth $924,000 after buying an additional 10,016 shares during the period. Institutional investors and hedge funds own 26.53% of the company’s stock.

AFC Gamma Price Performance

Shares of NASDAQ:AFCG opened at $9.62 on Tuesday. 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 stock has a market capitalization of $211.16 million, a P/E ratio of 24.05 and a beta of 1.05. The business has a 50-day moving average of $9.98 and a two-hundred day moving average of $10.52. AFC Gamma, Inc. has a fifty-two week low of $8.06 and a fifty-two week high of $13.35.

AFC Gamma Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date was Monday, September 30th. AFC Gamma’s dividend payout ratio is 330.00%.

Wall Street Analysts Forecast Growth

AFCG has been the topic of several research analyst reports. Seaport Res Ptn raised AFC Gamma to a “strong-buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group cut their price target on AFC Gamma from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Finally, Compass Point upgraded AFC Gamma from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $9.00 in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

AFC Gamma 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.