Ritholtz Wealth Management Takes $124,000 Position in AFC Gamma, Inc. (NASDAQ:AFCG)

Ritholtz Wealth Management acquired a new stake in AFC Gamma, Inc. (NASDAQ:AFCGFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,340 shares of the company’s stock, valued at approximately $124,000. Ritholtz Wealth Management owned about 0.05% of AFC Gamma at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Money Concepts Capital Corp acquired a new position in shares of AFC Gamma in the 4th quarter valued at $31,000. Coppell Advisory Solutions Corp. acquired a new position in shares of AFC Gamma in the 4th quarter valued at $38,000. Tower Research Capital LLC TRC lifted its stake in shares of AFC Gamma by 816.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,818 shares of the company’s stock valued at $57,000 after purchasing an additional 4,292 shares during the period. Citigroup Inc. acquired a new position in shares of AFC Gamma in the 2nd quarter valued at $61,000. Finally, Barclays PLC lifted its stake in shares of AFC Gamma by 347.1% in the 4th quarter. Barclays PLC now owns 4,780 shares of the company’s stock valued at $75,000 after purchasing an additional 3,711 shares during the period. 26.53% of the stock is owned by hedge funds and other institutional investors.

AFC Gamma Price Performance

Shares of NASDAQ AFCG opened at $12.05 on Thursday. The firm has a 50-day simple moving average of $11.88 and a 200-day simple moving average of $11.77. The stock has a market capitalization of $249.04 million, a price-to-earnings ratio of 11.81 and a beta of 1.05. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.13. AFC Gamma, Inc. has a 52 week low of $9.91 and a 52 week high of $14.60.

AFC Gamma (NASDAQ:AFCGGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. AFC Gamma had a net margin of 30.38% and a return on equity of 12.10%. The firm had revenue of $15.97 million during the quarter, compared to analyst estimates of $18.06 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts predict that AFC Gamma, Inc. will post 1.93 earnings per share for the current fiscal year.

AFC Gamma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 15.93%. The ex-dividend date of this dividend is Wednesday, March 27th. AFC Gamma’s dividend payout ratio is currently 188.24%.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of AFC Gamma from a “d+” rating to a “c-” rating in a research note on Tuesday, December 19th.

View Our Latest Stock Analysis on AFCG

AFC Gamma Profile

(Free Report)

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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Institutional Ownership by Quarter for AFC Gamma (NASDAQ:AFCG)

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