AFC Gamma (NASDAQ:AFCG) Now Covered by Analysts at Alliance Global Partners

Investment analysts at Alliance Global Partners assumed coverage on shares of AFC Gamma (NASDAQ:AFCGGet Free Report) in a report issued on Tuesday, MarketBeat reports. The brokerage set a “buy” rating and a $13.00 price target on the stock. Alliance Global Partners’ price objective suggests a potential upside of 45.09% from the company’s current price.

A number of other equities analysts have also recently issued reports on AFCG. Jefferies Financial Group lowered their target price on AFC Gamma from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Seaport Res Ptn raised shares of AFC Gamma to a “strong-buy” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AFC Gamma presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Read Our Latest Report on AFC Gamma

AFC Gamma Stock Performance

AFC Gamma stock opened at $8.96 on Tuesday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.29. The stock has a market cap of $196.70 million, a PE ratio of 22.40 and a beta of 1.03. AFC Gamma has a 12-month low of $8.06 and a 12-month high of $13.35. The business’s 50-day moving average price is $9.71 and its two-hundred day moving average price is $10.21.

Institutional Investors Weigh In On AFC Gamma

A number of large investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its position in shares of AFC Gamma by 19.7% during the 3rd quarter. Tidal Investments LLC now owns 519,610 shares of the company’s stock worth $5,305,000 after purchasing an additional 85,655 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in AFC Gamma by 91.1% in the third quarter. Ritholtz Wealth Management now owns 60,820 shares of the company’s stock worth $621,000 after acquiring an additional 28,998 shares in the last quarter. Centiva Capital LP acquired a new stake in AFC Gamma in the third quarter valued at approximately $193,000. Spire Wealth Management increased its holdings in shares of AFC Gamma by 141.5% during the second quarter. Spire Wealth Management now owns 29,700 shares of the company’s stock valued at $362,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Barclays PLC raised its position in shares of AFC Gamma by 257.0% during the third quarter. Barclays PLC now owns 22,567 shares of the company’s stock worth $231,000 after purchasing an additional 16,245 shares during the period. 26.53% of the stock is currently owned by institutional investors and hedge funds.

About AFC Gamma

(Get Free Report)

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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Analyst Recommendations for AFC Gamma (NASDAQ:AFCG)

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