AFC Gamma (AFCG) Projected to Post Quarterly Earnings on Thursday

AFC Gamma (NASDAQ:AFCG) will likely be issuing its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $11.76 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

AFC Gamma Stock Up 1.7 %

Shares of NASDAQ AFCG opened at $8.52 on Thursday. AFC Gamma has a 52 week low of $7.80 and a 52 week high of $13.28. The business has a 50-day simple moving average of $8.43 and a two-hundred day simple moving average of $9.38. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.29. The company has a market cap of $187.04 million, a P/E ratio of 21.30 and a beta of 1.05.

AFC Gamma Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.32 annualized dividend and a yield of 15.49%. AFC Gamma’s dividend payout ratio is currently 330.00%.

Wall Street Analyst Weigh In

Several brokerages have commented on AFCG. Alliance Global Partners began coverage on AFC Gamma in a research note on Tuesday, December 17th. They issued a “buy” rating and a $13.00 target price for the company. JMP Securities restated a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.