AFC Gamma (NASDAQ:AFCG - Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, March 13th. Analysts expect AFC Gamma to post earnings of $0.39 per share and revenue of $11.76 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
AFC Gamma Stock Performance
NASDAQ:AFCG traded up $0.01 during trading on Friday, reaching $8.41. The company's stock had a trading volume of 83,126 shares, compared to its average volume of 161,850. The firm has a market cap of $184.62 million, a price-to-earnings ratio of 21.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.92 and a current ratio of 3.92. The firm has a 50 day moving average of $8.41 and a 200-day moving average of $9.36. AFC Gamma has a 12 month low of $7.80 and a 12 month high of $13.28.
AFC Gamma Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.33 per share. 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 payout ratio is 330.00%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. JMP Securities reissued a "market perform" rating on shares of AFC Gamma in a report on Thursday, January 23rd. Alliance Global Partners assumed coverage on AFC Gamma in a report on Tuesday, December 17th. They issued a "buy" rating and a $13.00 price objective for the company. Two investment 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. According to MarketBeat.com, AFC Gamma presently has an average rating of "Moderate Buy" and an average price target of $11.67.
View Our Latest Analysis on AFC Gamma
About AFC Gamma
(
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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.
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