AFC Gamma (NASDAQ:AFCG) Announces Earnings Results

AFC Gamma (NASDAQ:AFCG) released its quarterly earnings data on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11), Zacks reports. AFC Gamma had a net margin of 13.69% and a return on equity of 12.93%.

AFC Gamma Trading Up 1.6 %

AFCG opened at $8.49 on Thursday. The firm has a market cap of $186.38 million, a PE ratio of 21.23 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. AFC Gamma has a twelve month low of $7.80 and a twelve month high of $13.28. The firm’s fifty day moving average is $8.41 and its two-hundred day moving average is $9.32.

AFC Gamma Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.32 dividend on an annualized basis and a yield of 15.55%. AFC Gamma’s payout ratio is presently 330.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of AFC Gamma in a research report on Thursday, January 23rd. Alliance Global Partners assumed coverage on AFC Gamma in a research report on Tuesday, December 17th. They set a “buy” rating and a $13.00 price target on the stock. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AFC Gamma currently has a consensus rating of “Moderate Buy” and an average target price of $11.67.

About AFC Gamma

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.