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

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

AFC Gamma Stock Performance

AFCG stock opened at $2.24 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.04 and a current ratio of 3.04. The stock has a market capitalization of $50.60 million, a price-to-earnings ratio of -2.15 and a beta of 1.02. AFC Gamma has a 1 year low of $2.20 and a 1 year high of $8.88. The stock’s fifty day moving average is $2.79 and its two-hundred day moving average is $3.54.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of ($3.18) million for the quarter, compared to the consensus estimate of $6.55 million. AFC Gamma had a positive return on equity of 8.45% and a negative net margin of 70.46%. On average, research analysts predict that AFC Gamma will post 1.64 EPS for the current year.

Insider Buying and Selling at AFC Gamma

In other news, Director Leonard M. Tannenbaum purchased 46,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was acquired at an average cost of $2.94 per share, for a total transaction of $135,240.00. Following the completion of the purchase, the director owned 5,792,098 shares of the company’s stock, valued at approximately $17,028,768.12. This trade represents a 0.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Neville acquired 17,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $2.81 per share, for a total transaction of $47,770.00. Following the purchase, the chief executive officer directly owned 226,649 shares of the company’s stock, valued at $636,883.69. This represents a 8.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 186,000 shares of company stock valued at $542,910. 25.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research upgraded AFC Gamma to a “hold” rating in a research note on Thursday, November 13th. Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price 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.