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

AFC Gamma (NASDAQ:AFCG) announced its quarterly earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Stock Up 1.6 %

Shares of NASDAQ:AFCG opened at $8.49 on Thursday. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.29. The firm has a market cap of $186.38 million, a price-to-earnings ratio of 21.23 and a beta of 1.03. AFC Gamma has a 12-month low of $7.80 and a 12-month high of $13.28. The stock’s 50-day moving average price is $8.41 and its two-hundred day moving average price is $9.32.

AFC Gamma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.32 dividend on an annualized basis and a yield of 15.55%. AFC Gamma’s dividend payout ratio (DPR) is currently 330.00%.

Wall Street Analyst Weigh In

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