AFC Gamma (NASDAQ:AFCG) Announces Earnings Results, Misses Estimates By $0.18 EPS

AFC Gamma (NASDAQ:AFCG) issued its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.18), FiscalAI reports. The firm had revenue of $8.71 million for the quarter, compared to analyst estimates of $5.36 million. AFC Gamma had a negative net margin of 70.46% and a positive return on equity of 8.45%.

AFC Gamma Stock Performance

Shares of AFCG stock opened at $2.23 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.04 and a quick ratio of 3.04. The stock has a market cap of $50.38 million, a P/E ratio of -2.14 and a beta of 1.02. AFC Gamma has a one year low of $2.06 and a one year high of $8.59. The company has a fifty day moving average price of $2.49 and a two-hundred day moving average price of $3.20.

Insider Activity

In other news, Director Leonard M. Tannenbaum acquired 25,000 shares of the stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $3.05 per share, for a total transaction of $76,250.00. Following the completion of the transaction, the director directly owned 5,861,098 shares in the company, valued at approximately $17,876,348.90. This trade represents a 0.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased 69,000 shares of company stock valued at $204,770 in the last three months. Insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research raised AFC Gamma to a “hold” rating in a research note on Thursday, November 13th. Weiss Ratings reissued 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 issued a Sell rating to the stock. Based on data from MarketBeat, AFC Gamma 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.