AFC Gamma Inc. (NASDAQ:AFCG) Short Interest Update

AFC Gamma Inc. (NASDAQ:AFCG) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,772,764 shares, a drop of 20.0% from the December 31st total of 2,216,461 shares. Based on an average daily volume of 783,784 shares, the short-interest ratio is currently 2.3 days. Currently, 10.5% of the company’s shares are sold short. Currently, 10.5% of the company’s shares are sold short. Based on an average daily volume of 783,784 shares, the short-interest ratio is currently 2.3 days.

AFC Gamma Stock Down 0.9%

AFCG opened at $2.30 on Monday. AFC Gamma has a fifty-two week low of $2.27 and a fifty-two week high of $8.88. The firm has a market capitalization of $51.96 million, a P/E ratio of -2.21 and a beta of 1.02. The company’s 50-day moving average is $2.80 and its 200 day moving average is $3.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.04 and a quick ratio of 3.04.

AFC Gamma (NASDAQ:AFCG) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). AFC Gamma had a negative net margin of 70.46% and a positive return on equity of 8.45%. The firm had revenue of ($3.18) million during the quarter, compared to analysts’ expectations of $6.55 million. Research analysts expect that AFC Gamma will post 1.64 earnings per share for the current fiscal year.

Insider Activity at AFC Gamma

In related news, CEO Daniel Neville acquired 17,000 shares of AFC Gamma stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $2.81 per share, with a total value of $47,770.00. Following the transaction, the chief executive officer directly owned 226,649 shares in the company, valued at $636,883.69. This represents a 8.11% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leonard M. Tannenbaum acquired 25,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was bought at an average price of $3.05 per share, with a total value of $76,250.00. Following the purchase, the director directly owned 5,861,098 shares in the company, valued at $17,876,348.90. This represents a 0.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 186,000 shares of company stock valued at $542,910 in the last ninety days. 25.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on AFCG. Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a report on Wednesday, January 21st. Zacks Research raised AFC Gamma to a “hold” rating in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, AFC Gamma has a consensus rating of “Reduce” and an average price target of $5.75.

AFC Gamma Company Profile

AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.

The company’s primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.