Ritholtz Wealth Management Buys Shares of 10,340 AFC Gamma, Inc. (NASDAQ:AFCG)

Ritholtz Wealth Management bought a new stake in AFC Gamma, Inc. (NASDAQ:AFCGFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,340 shares of the company’s stock, valued at approximately $124,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AFCG. Money Concepts Capital Corp purchased a new position in AFC Gamma in the 4th quarter valued at about $31,000. Coppell Advisory Solutions Corp. purchased a new position in AFC Gamma in the 4th quarter valued at about $38,000. Tower Research Capital LLC TRC lifted its holdings in shares of AFC Gamma by 816.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,818 shares of the company’s stock worth $57,000 after acquiring an additional 4,292 shares during the period. Citigroup Inc. purchased a new position in shares of AFC Gamma during the 2nd quarter worth about $61,000. Finally, Barclays PLC lifted its holdings in shares of AFC Gamma by 347.1% during the 4th quarter. Barclays PLC now owns 4,780 shares of the company’s stock worth $75,000 after acquiring an additional 3,711 shares during the period. 26.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of AFC Gamma from a “d+” rating to a “c-” rating in a report on Tuesday, December 19th.

Get Our Latest Analysis on AFCG

AFC Gamma Trading Up 0.2 %

Shares of AFCG stock opened at $12.05 on Thursday. The firm has a market cap of $249.04 million, a P/E ratio of 11.81 and a beta of 1.05. AFC Gamma, Inc. has a 1-year low of $9.91 and a 1-year high of $14.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.87 and a quick ratio of 4.87. The firm’s 50-day simple moving average is $11.88 and its 200-day simple moving average is $11.77.

AFC Gamma (NASDAQ:AFCGGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The business had revenue of $15.97 million for the quarter, compared to analyst estimates of $18.06 million. AFC Gamma had a net margin of 30.38% and a return on equity of 12.10%. During the same period in the prior year, the firm posted $0.61 EPS. As a group, equities analysts forecast that AFC Gamma, Inc. will post 1.93 EPS for the current year.

AFC Gamma Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 15.93%. The ex-dividend date of this dividend is Wednesday, March 27th. AFC Gamma’s dividend payout ratio (DPR) is presently 188.24%.

AFC Gamma Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AFC Gamma (NASDAQ:AFCG)

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