According to Zacks, âAFC 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 âbuyâ 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 âbuyâ 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 âBuyâ 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.
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.
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