AFC Gamma, Inc. (NASDAQ:AFCG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

AFC Gamma, Inc. (NASDAQ:AFCG) has been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $11.67.

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

AFC Gamma Price Performance

Shares of AFC Gamma stock opened at $8.41 on Friday. The firm has a market cap of $184.62 million, a PE ratio of 21.03 and a beta of 1.03. AFC Gamma has a twelve month low of $7.80 and a twelve month high of $13.28. 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 business has a 50-day moving average price of $8.42 and a 200 day moving average price of $9.37.

AFC Gamma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.32 annualized dividend and a dividend yield of 15.70%. AFC Gamma’s dividend payout ratio (DPR) is presently 330.00%.

Institutional Trading of AFC Gamma

Several large investors have recently made changes to their positions in AFCG. McIlrath & Eck LLC purchased a new position in AFC Gamma in the 3rd quarter valued at $52,000. GSA Capital Partners LLP purchased a new position in shares of AFC Gamma in the third quarter worth about $140,000. Martingale Asset Management L P lifted its stake in shares of AFC Gamma by 24.1% in the fourth quarter. Martingale Asset Management L P now owns 20,623 shares of the company’s stock worth $172,000 after buying an additional 4,005 shares in the last quarter. Centiva Capital LP acquired a new position in AFC Gamma during the third quarter worth about $193,000. Finally, Barclays PLC grew its stake in AFC Gamma by 257.0% during the 3rd quarter. Barclays PLC now owns 22,567 shares of the company’s stock valued at $231,000 after acquiring an additional 16,245 shares in the last quarter. 26.53% of the stock is currently owned by hedge funds and other institutional investors.

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.