Seaport Res Ptn Comments on AFC Gamma FY2024 Earnings

AFC Gamma, Inc. (NASDAQ:AFCG) – Investment analysts at Seaport Res Ptn issued their FY2024 EPS estimates for AFC Gamma in a research report issued on Wednesday, February 19th. Seaport Res Ptn analyst S. Randhawa forecasts that the company will post earnings of $1.68 per share for the year. The consensus estimate for AFC Gamma’s current full-year earnings is $1.60 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 equities research analysts have also commented on AFCG. Alliance Global Partners started coverage on shares of AFC Gamma in a research report on Tuesday, December 17th. They set a “buy” rating and a $13.00 target price on the stock. JMP Securities restated a “market perform” rating on shares of AFC Gamma in a research 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.67.

AFC Gamma Stock Up 6.1 %

AFC Gamma stock opened at $8.39 on Monday. The stock’s 50 day moving average price is $8.50 and its 200 day moving average price is $9.44. The company has a market cap of $184.16 million, a PE ratio of 20.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.92 and a quick ratio of 3.92. AFC Gamma has a 1-year low of $7.80 and a 1-year high of $13.28.

AFC Gamma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.32 annualized dividend and a dividend yield of 15.73%. AFC Gamma’s dividend payout ratio is presently 330.00%.

Hedge Funds Weigh In On AFC Gamma

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in shares of AFC Gamma in the third quarter valued at approximately $140,000. Charles Schwab Investment Management Inc. grew its holdings in AFC Gamma by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,403 shares of the company’s stock valued at $515,000 after buying an additional 2,200 shares during the last quarter. Penserra Capital Management LLC increased its position in AFC Gamma by 22.9% during the third quarter. Penserra Capital Management LLC now owns 78,261 shares of the company’s stock worth $799,000 after buying an additional 14,570 shares in the last quarter. Centiva Capital LP acquired a new position in shares of AFC Gamma in the third quarter worth $193,000. Finally, State Street Corp lifted its position in shares of AFC Gamma by 2.8% in the third quarter. State Street Corp now owns 376,611 shares of the company’s stock valued at $3,968,000 after acquiring an additional 10,320 shares in the last quarter. 26.53% of the stock is currently owned by hedge funds and other institutional investors.

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.