AFC Gamma (NASDAQ: AFCG) lowered to stay at Zacks Investment Research

AFC Gamma (NASDAQ: AFCG) has been downgraded from Zacks investment research from a “buy” note to a “keep” note in a research note published on Tuesday, reports.

According to Zacks, “AFC Gamma Inc. is a commercial real estate finance company. She creates, structures, underwrites and manages senior secured loans and other types of loans for established companies operating in the cannabis industry. AFC Gamma Inc. is based in Florida. , United States. “

Other stock analysts have also recently published research reports on the company. JMP Securities reissued a “buy” note and set a price target of $ 29.00 on AFC Gamma shares in a research report released on Tuesday, October 5. Jefferies Financial Group began covering AFC Gamma in a report on Thursday, August 26. They issued a “buy” note and a target price of $ 24.00 for the company. Three analysts rated the stock with a conservation rating and five gave the company’s stock a buy rating. According to MarketBeat, AFC Gamma currently has an average rating of “Buy” and an average target price of $ 26.67.

AFCG actions traded down $ 0.12 in Tuesday’s session, reaching $ 20.72. 5,405 shares of the company were traded, for an average volume of 121,631. AFC Gamma has a one-year low at $ 19.75 and a one-year high at $ 25.50. The company’s fifty-day mobile average price is $ 23.15 and its 200-day mobile average price is $ 22.15.

AFC Gamma (NASDAQ: AFCG) last released its quarterly results on Wednesday, November 3. The company reported earnings per share of $ 0.44 for the quarter, beating the consensus estimate of $ 0.43 by $ 0.01. Equity research analysts forecast AFC Gamma to post earnings per share of 1.84 for the current fiscal year.

(A d)

One of the few US silver mining stocks to watch.

Several hedge funds and other institutional investors have recently increased or reduced their holdings in AFCG. Royal Bank of Canada increased its stake in AFC Gamma shares by 170.4% in the third quarter. Royal Bank of Canada now owns 1,344 shares of the company valued at $ 29,000 after purchasing 847 additional shares in the last quarter. Cohanzick Management LLC acquired a new equity stake in AFC Gamma in the second quarter valued at approximately $ 41,000. Morgan Stanley acquired a new stake in AFC Gamma shares in the 1st quarter valued at approximately $ 48,000. Rockbridge Investment Management LCC acquired a new stake in AFC Gamma in the second quarter for a value of approximately $ 62,000. Finally, Advisor Group Holdings Inc. increased its position in AFC Gamma shares by 1,340.0% during the second quarter. Advisor Group Holdings Inc. now owns 3,600 shares of the company valued at $ 75,000 after acquiring an additional 3,350 shares during the period. Institutional investors hold 54.28% of the shares of the company.

AFC Gamma Company Profile

AFC Gamma, Inc creates, structures, guarantees and manages senior secured loans and other types of loans for established companies operating in the cannabis industry in states that have legalized cannabis for medical and / or adult use. . It primarily issues loans structured as senior loans secured by real estate, equipment, licenses and / or other assets of creditors to the extent permitted by applicable laws and regulations governing such creditors.

See also: What is an EV stock

Get a Free Copy of Zacks’ AFC Gamma Research Report (AFCG)

For more information on Zacks Investment Research’s research offerings, visit

Analyst Recommendations for AFC Gamma (NASDAQ: AFCG)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in AFC Gamma now?

Before you consider AFC Gamma, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the top five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and AFC Gamma was not on the list.

While AFC Gamma currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

About Edward Fries

Check Also

New Residential Investment Corp. (NYSE:NRZ) Expected to Report Quarterly Sales of $241.55 Million

Brokers expect New Residential Investment Corp. (NYSE:NRZ- Get a rating) will post sales of $241.55 …