AFC Gamma, Inc. (NASDAQ:AFCG - Free Report) - Analysts at Seaport Res Ptn issued their FY2024 earnings estimates for shares of AFC Gamma in a research note issued to investors on Wednesday, February 19th. Seaport Res Ptn analyst S. Randhawa forecasts that the company will post earnings per share of $1.68 for the year. The consensus estimate for AFC Gamma's current full-year earnings is $1.64 per share. Seaport Res Ptn also issued estimates for AFC Gamma's Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.44 EPS and FY2025 earnings at $1.66 EPS.
Several other research analysts also recently commented on AFCG. Alliance Global Partners initiated coverage on shares of AFC Gamma in a report on Tuesday, December 17th. They issued a "buy" rating and a $13.00 price objective for the company. JMP Securities reaffirmed a "market perform" rating on shares of AFC Gamma in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.67.
Read Our Latest Report on AFC Gamma
AFC Gamma Stock Performance
AFCG traded up $0.06 on Monday, hitting $8.39. The company's stock had a trading volume of 84,738 shares, compared to its average volume of 176,917. The company's 50 day simple moving average is $8.47 and its 200-day simple moving average is $9.43. The firm has a market cap of $184.19 million, a P/E ratio of 20.98 and a beta of 1.05. AFC Gamma has a 12 month low of $7.80 and a 12 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.
Institutional Trading of AFC Gamma
Several institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in AFC Gamma by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,403 shares of the company's stock worth $515,000 after purchasing an additional 2,200 shares in the last quarter. Martingale Asset Management L P raised its position in shares of AFC Gamma by 24.1% during the 4th quarter. Martingale Asset Management L P now owns 20,623 shares of the company's stock valued at $172,000 after buying an additional 4,005 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of AFC Gamma during the 3rd quarter valued at $52,000. Geode Capital Management LLC raised its position in shares of AFC Gamma by 57.8% during the 3rd quarter. Geode Capital Management LLC now owns 24,225 shares of the company's stock valued at $248,000 after buying an additional 8,877 shares in the last quarter. Finally, State Street Corp raised its position in shares of AFC Gamma by 2.8% during the 3rd quarter. State Street Corp now owns 376,611 shares of the company's stock valued at $3,968,000 after buying an additional 10,320 shares in the last quarter. 26.53% of the stock is currently owned by hedge funds and other institutional investors.
AFC Gamma Announces Dividend
The company 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. This represents a $1.32 annualized dividend and a yield of 15.73%. The ex-dividend date of this dividend was Tuesday, December 31st. AFC Gamma's dividend payout ratio is presently 330.00%.
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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