AFC Gamma, Inc. (NASDAQ:AFCG) Stock Holdings Lifted by Tidal Investments LLC

Tidal Investments LLC lifted its position in shares of AFC Gamma, Inc. (NASDAQ:AFCG - Free Report) by 19.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 519,610 shares of the company's stock after buying an additional 85,655 shares during the period. Tidal Investments LLC owned approximately 2.37% of AFC Gamma worth $5,305,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC purchased a new position in shares of AFC Gamma in the 3rd quarter worth about $52,000. GSA Capital Partners LLP acquired a new stake in AFC Gamma during the 3rd quarter worth approximately $140,000. Centiva Capital LP purchased a new position in AFC Gamma in the third quarter valued at approximately $193,000. Barclays PLC lifted its position in AFC Gamma by 257.0% during the third quarter. Barclays PLC now owns 22,567 shares of the company's stock valued at $231,000 after buying an additional 16,245 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in AFC Gamma by 57.8% during 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 period. Hedge funds and other institutional investors own 26.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AFCG. Compass Point raised shares of AFC Gamma from a "sell" rating to a "neutral" rating and cut their target price for the company from $10.00 to $9.00 in a research note on Friday, August 16th. Jefferies Financial Group reduced their price objective on AFC Gamma from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, September 3rd. Finally, Seaport Res Ptn upgraded shares of AFC Gamma to a "strong-buy" rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AFC Gamma presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

AFC Gamma Stock Up 1.8 %

AFCG stock traded up $0.17 during midday trading on Friday, hitting $9.59. 162,316 shares of the company's stock were exchanged, compared to its average volume of 147,787. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average price of $9.75 and a 200-day moving average price of $10.28. The stock has a market capitalization of $210.53 million, a price-to-earnings ratio of 23.98 and a beta of 1.03. AFC Gamma, Inc. has a 12-month low of $8.06 and a 12-month high of $13.35.

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.