AFC Gamma Inc. (NASDAQ:AFCG) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• AFC Gamma Inc. has received an average consensus rating of "Hold" from five brokerage firms, with four recommending a hold and one suggesting a strong buy.
• The company's shares traded down 5.7% on the last trading day, closing at $4.14, significantly below its 50-day and 200-day moving averages.
• AFC Gamma recently cut its dividend to $0.15 per share, yielding 14.5% annually, with a payout ratio of 60.61%.

Shares of AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) have earned an average rating of "Hold" from the five ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.8333.

Separately, Alliance Global Partners reaffirmed a "neutral" rating and set a $4.50 price objective on shares of AFC Gamma in a research report on Friday.

AFC Gamma Trading Down 5.7%

NASDAQ:AFCG traded down $0.25 during trading hours on Friday, reaching $4.14. 86,984 shares of the stock were exchanged, compared to its average volume of 203,035. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $4.68 and a two-hundred day moving average of $5.83. AFC Gamma has a twelve month low of $3.85 and a twelve month high of $10.88. The company has a market capitalization of $93.56 million, a price-to-earnings ratio of 4.18 and a beta of 1.07.

AFC Gamma Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date was Monday, June 30th. AFC Gamma's dividend payout ratio (DPR) is presently 60.61%.

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.

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