AFC Gamma (AFCG) Expected to Announce Quarterly Earnings on Wednesday

AFC Gamma (NASDAQ:AFCG - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Wednesday, May 14th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $7.41 million for the quarter.

AFC Gamma Price Performance

NASDAQ:AFCG traded up $0.12 during trading hours on Monday, hitting $5.67. The stock had a trading volume of 17,520 shares, compared to its average volume of 184,476. The firm has a market capitalization of $128.01 million, a price-to-earnings ratio of 14.14 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.92 and a quick ratio of 3.92. The company has a 50 day simple moving average of $5.89 and a two-hundred day simple moving average of $7.87. AFC Gamma has a one year low of $4.34 and a one year high of $12.74.

AFC Gamma Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.23 dividend. The ex-dividend date was Monday, March 31st. AFC Gamma's dividend payout ratio is currently 115.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AFCG. Jefferies Financial Group cut shares of AFC Gamma from a "buy" rating to a "hold" rating and lowered their price objective for the company from $10.00 to $7.00 in a research report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of AFC Gamma in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, AFC Gamma currently has a consensus rating of "Moderate Buy" and an average target price of $9.67.

Insider Buying and Selling

In other news, Director Leonard M. Tannenbaum purchased 32,007 shares of the company's stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $6.52 per share, with a total value of $208,685.64. Following the transaction, the director now directly owns 3,909,876 shares of the company's stock, valued at approximately $25,492,391.52. This represents a 0.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel Neville bought 5,000 shares of the stock in a transaction dated Friday, March 28th. The stock was purchased at an average price of $6.15 per share, with a total value of $30,750.00. Following the purchase, the chief executive officer now owns 187,261 shares in the company, valued at $1,151,655.15. This trade represents a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 146,606 shares of company stock worth $930,691 in the last 90 days. 26.80% of the stock is owned by company insiders.

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.