Los Angeles Capital Management LLC Boosts Stake in AFC Gamma, Inc. (NASDAQ:AFCG)

Los Angeles Capital Management LLC raised its position in AFC Gamma, Inc. (NASDAQ:AFCG) by 106.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,157 shares of the company’s stock after purchasing an additional 44,350 shares during the quarter. Los Angeles Capital Management LLC owned 0.42% of AFC Gamma worth $1,036,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AFCG. SG Americas Securities LLC purchased a new stake in shares of AFC Gamma in the 4th quarter valued at $108,000. Nisa Investment Advisors LLC lifted its position in shares of AFC Gamma by 19.2% during the third quarter. Nisa Investment Advisors LLC now owns 9,825 shares of the company’s stock worth $115,000 after purchasing an additional 1,582 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of AFC Gamma in the fourth quarter valued at approximately $124,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of AFC Gamma during the third quarter worth $124,000. Finally, Worth Asset Management LLC purchased a new stake in shares of AFC Gamma in the 4th quarter valued at approximately $178,000. 26.53% of the stock is currently owned by institutional investors and hedge funds.

AFC Gamma Trading Down 0.6 %

AFCG opened at $12.33 on Friday. The business’s 50-day simple moving average is $12.07 and its 200-day simple moving average is $11.78. The company has a market cap of $254.86 million, a P/E ratio of 12.09 and a beta of 1.04. AFC Gamma, Inc. has a one year low of $9.91 and a one year high of $14.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.87 and a current ratio of 4.87.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $18.06 million. During the same quarter last year, the company earned $0.61 earnings per share. As a group, equities research analysts expect that AFC Gamma, Inc. will post 1.93 EPS for the current fiscal year.

AFC Gamma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 15.57%. AFC Gamma’s dividend payout ratio (DPR) is presently 188.24%.

AFC Gamma 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.