AFC Gamma’s (AFCG) “Market Perform” Rating Reiterated at JMP Securities

AFC Gamma (NASDAQ:AFCG)‘s stock had its “market perform” rating restated by stock analysts at JMP Securities in a research report issued on Thursday,Benzinga reports.

A number of other research firms also recently commented on AFCG. Seaport Res Ptn raised shares of AFC Gamma to a “strong-buy” rating in a research report on Tuesday, October 8th. Alliance Global Partners started coverage on shares of AFC Gamma in a research note on Tuesday, December 17th. They set a “buy” rating and a $13.00 price target on the stock. Two investment 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.67.

AFC Gamma Stock Down 2.1 %

Shares of NASDAQ AFCG traded down $0.17 on Thursday, reaching $8.09. 14,792 shares of the company’s stock traded hands, compared to its average volume of 168,045. AFC Gamma has a 12 month low of $8.06 and a 12 month high of $13.28. The business’s 50 day simple moving average is $9.02 and its two-hundred day simple moving average is $9.59. The company has a market cap of $177.51 million, a price-to-earnings ratio of 20.21 and a beta of 1.05. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.29.

Institutional Trading of AFC Gamma

Large investors have recently made changes to their positions in the business. Tidal Investments LLC grew its holdings in AFC Gamma by 19.7% during the 3rd quarter. Tidal Investments LLC now owns 519,610 shares of the company’s stock valued at $5,305,000 after purchasing an additional 85,655 shares during the last quarter. 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 purchasing an additional 2,200 shares during the last quarter. State Street Corp grew its holdings in AFC Gamma by 2.8% during the 3rd quarter. State Street Corp now owns 376,611 shares of the company’s stock valued at $3,968,000 after purchasing an additional 10,320 shares during the last quarter. Geode Capital Management LLC grew its holdings in AFC Gamma by 57.8% during the 3rd quarter. Geode Capital Management LLC now owns 24,225 shares of the company’s stock valued at $248,000 after purchasing an additional 8,877 shares during the last quarter. Finally, Barclays PLC grew its holdings in AFC Gamma by 257.0% during the 3rd quarter. Barclays PLC now owns 22,567 shares of the company’s stock valued at $231,000 after purchasing an additional 16,245 shares during the last quarter. 26.53% of the stock is currently owned by institutional investors.

AFC Gamma Company Profile

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.