SG Americas Securities LLC Makes New Investment in AFC Gamma, Inc. (NASDAQ:AFCG)

SG Americas Securities LLC purchased a new stake in AFC Gamma, Inc. (NASDAQ:AFCG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,945 shares of the company’s stock, valued at approximately $108,000.

A number of other institutional investors and hedge funds have also modified their holdings of AFCG. Worth Asset Management LLC bought a new position in shares of AFC Gamma in the fourth quarter worth about $178,000. Vanguard Group Inc. increased its position in AFC Gamma by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 855,827 shares of the company’s stock worth $10,047,000 after buying an additional 2,336 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of AFC Gamma by 816.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,818 shares of the company’s stock worth $57,000 after buying an additional 4,292 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of AFC Gamma in the third quarter valued at approximately $124,000. Finally, Northern Trust Corp boosted its position in shares of AFC Gamma by 1.2% in the third quarter. Northern Trust Corp now owns 132,975 shares of the company’s stock valued at $1,561,000 after acquiring an additional 1,625 shares during the period. 26.53% of the stock is currently owned by institutional investors and hedge funds.

AFC Gamma Trading Up 2.3 %

Shares of AFCG stock opened at $11.65 on Friday. The firm has a market capitalization of $240.81 million, a P/E ratio of 11.42 and a beta of 1.05. AFC Gamma, Inc. has a 1 year low of $9.91 and a 1 year high of $14.60. The firm’s fifty day simple moving average is $11.89 and its 200 day simple moving average is $11.72. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.13.

AFC Gamma (NASDAQ:AFCG) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. AFC Gamma had a net margin of 30.38% and a return on equity of 12.10%. The company had revenue of $15.97 million for the quarter, compared to the consensus estimate of $18.06 million. During the same quarter in the previous year, the firm posted $0.61 EPS. As a group, sell-side analysts predict that AFC Gamma, Inc. will post 1.93 EPS for the current year.

AFC Gamma Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 16.48%. The ex-dividend date of this dividend was Wednesday, March 27th. AFC Gamma’s payout ratio is presently 188.24%.

AFC Gamma Company Profile

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.