AFC Gamma (NASDAQ:AFCG) Announces Quarterly Earnings Results, Misses Expectations By $0.11 EPS

AFC Gamma (NASDAQ:AFCG) issued its quarterly earnings data on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.11), Zacks reports. AFC Gamma had a return on equity of 12.93% and a net margin of 13.69%.

AFC Gamma Trading Up 1.6 %

Shares of AFC Gamma stock opened at $8.49 on Thursday. The business’s fifty day moving average is $8.41 and its two-hundred day moving average is $9.32. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.29. AFC Gamma has a fifty-two week low of $7.80 and a fifty-two week high of $13.28. The firm has a market cap of $186.38 million, a PE ratio of 21.23 and a beta of 1.03.

AFC Gamma Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 15.55%. AFC Gamma’s dividend payout ratio is currently 330.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AFCG shares. Alliance Global Partners assumed coverage on AFC Gamma in a report on Tuesday, December 17th. They set a “buy” rating and a $13.00 price target on the stock. JMP Securities reissued a “market perform” rating on shares of AFC Gamma in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.67.

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.