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

AFC Gamma Inc. (NASDAQ:AFCG) was the recipient of a significant 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 shares are sold short. Based on an average daily volume of 783,784 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 783,784 shares, the days-to-cover ratio is presently 2.3 days. Currently, 10.5% of the company’s shares are sold short.

AFC Gamma Trading Down 0.9%

Shares of AFCG stock opened at $2.30 on Friday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.13. AFC Gamma has a fifty-two week low of $2.27 and a fifty-two week high of $8.88. The firm’s 50 day moving average price is $2.80 and its two-hundred day moving average price is $3.56. The stock has a market cap of $51.96 million, a price-to-earnings ratio of -2.21 and a beta of 1.03.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of ($3.18) million during the quarter, compared to analyst estimates 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, analysts anticipate that AFC Gamma will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

AFCG has been the subject of several research analyst reports. Zacks Research raised shares of AFC Gamma to a “hold” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $5.75.

Insider Buying and Selling at AFC Gamma

In related news, CEO Daniel Neville acquired 17,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $2.81 per share, with a total value of $47,770.00. Following the purchase, the chief executive officer directly owned 226,649 shares in the company, valued at $636,883.69. The trade was a 8.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leonard M. Tannenbaum acquired 46,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average price of $2.94 per share, for a total transaction of $135,240.00. Following the completion of the acquisition, the director owned 5,792,098 shares in the company, valued at approximately $17,028,768.12. This trade represents a 0.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 186,000 shares of company stock valued at $542,910 over the last quarter. Insiders own 25.10% of the company’s stock.

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.