AFC Gamma, Inc. (NASDAQ:AFCG) Shares Bought by Jump Financial LLC

Jump Financial LLC grew its stake in shares of AFC Gamma, Inc. (NASDAQ:AFCG) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,900 shares of the company’s stock after acquiring an additional 3,700 shares during the quarter. Jump Financial LLC’s holdings in AFC Gamma were worth $263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Spire Wealth Management acquired a new position in shares of AFC Gamma during the 4th quarter valued at about $65,000. SG Americas Securities LLC acquired a new position in shares of AFC Gamma during the 4th quarter valued at about $108,000. Nisa Investment Advisors LLC increased its stake in shares of AFC Gamma by 19.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,825 shares of the company’s stock valued at $115,000 after acquiring an additional 1,582 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of AFC Gamma during the 3rd quarter valued at about $124,000. Finally, Ritholtz Wealth Management acquired a new position in shares of AFC Gamma during the 4th quarter valued at about $124,000. Institutional investors and hedge funds own 26.53% of the company’s stock.

AFC Gamma Stock Up 2.1 %

Shares of NASDAQ:AFCG opened at $12.49 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.86 and a current ratio of 4.86. AFC Gamma, Inc. has a 1 year low of $10.41 and a 1 year high of $14.60. The stock has a market capitalization of $258.13 million, a P/E ratio of 24.02 and a beta of 1.04. The stock has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $11.91.

AFC Gamma (NASDAQ:AFCG) last issued its earnings results on Thursday, March 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. AFC Gamma had a return on equity of 11.77% and a net margin of 16.27%. The business had revenue of $15.97 million during the quarter, compared to analysts’ expectations of $18.06 million. During the same quarter in the previous year, the business earned $0.61 EPS. Equities analysts forecast that AFC Gamma, Inc. will post 1.92 earnings per share for the current year.

AFC Gamma Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 15.37%. The ex-dividend date of this dividend was Wednesday, March 27th. AFC Gamma’s payout ratio is currently 369.23%.

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.