AFC Gamma's Market Perform Rating Reiterated by JMP Securities

Research analysts at JMP Securities have reiterated their "market perform" rating for AFC Gamma (NASDAQ:AFCG) in a research report published on Thursday. This indicates that analysts believe the stock will perform in line with the overall market.

Several other research firms have also provided insights about AFC Gamma recently. For instance, on Tuesday, October 8th, Seaport Res Ptn upgraded the company's shares to a "strong-buy" rating, highlighting increased confidence in the stock. Meanwhile, Alliance Global Partners initiated coverage on AFC Gamma on December 17th, giving it a "buy" rating along with a price target of $13.00 per share.

Currently, the stock has received mixed ratings from investment analysts. Two analysts have rated it as a hold, two have assigned a buy rating, and one has issued a strong buy rating. According to MarketBeat.com, AFC Gamma's average rating stands at "Moderate Buy," with a consensus price target of $11.67.

AFC Gamma Stock Performance

As for the stock's performance, shares of AFC Gamma experienced a decline of 2.1% on Thursday, trading down to $8.09. During the trading session, 14,792 shares changed hands, a volume significantly lower than its average of 168,045 shares. Over the past year, AFC Gamma's stock has hit a low of $8.06 and a high of $13.28. Currently, the 50-day simple moving average for the stock is $9.02, and the two-hundred day simple moving average is $9.59. Despite the fluctuations, the company holds a market cap of approximately $177.51 million, a price-to-earnings ratio of 20.21, and a beta of 1.05. The business maintains a quick and current ratio of 3.92 and a debt-to-equity ratio of 0.29, indicating a solid financial position.

Institutional Investment in AFC Gamma

In recent months, institutional investors have shown notable activity concerning their positions in AFC Gamma. Tidal Investments LLC increased its holdings by 19.7% during the third quarter, acquiring 85,655 additional shares and raising its total to 519,610 shares, valued at $5,305,000. Similarly, Charles Schwab Investment Management boosted its shareholdings by 4.6% in the same period, now owning 50,403 shares valued at $515,000 after an additional purchase of 2,200 shares. State Street Corp also expanded its stake by 2.8%, totaling 376,611 shares worth $3,968,000 after buying an added 10,320 shares. Other firms, like Geode Capital Management and Barclays PLC, have also increased their investments significantly, with Barclays growing its holdings by 257.0% during the third quarter. Institutional investors collectively own approximately 26.53% of the stock.

AFC Gamma Overview

AFC Gamma, Inc. specializes in originating, structuring, underwriting, and investing in senior secured loans, as well as various commercial real estate loans and debt securities, focusing primarily on companies within the cannabis industry. The firm mainly provides loans that are secured by real estate and other assets owned by the borrowers, ensuring compliance with applicable regulations.

In summary, while analysts at JMP Securities have reaffirmed a stable outlook on AFC Gamma's stock, various institutional investors continue to show interest in the company, leading to a mix of ratings from different research firms. Investors should keep an eye on the evolving ratings and market performance of AFC Gamma as it navigates the current economic landscape.

AFCGamma, Stocks, Investment