The Vanguard Group, Inc. has recently announced that it has increased stake in AFC Gamma Inc. (NASDAQ:AFCG) by 9.63%. After grabbing 0.81 million shares, the institutional investor is now in possession of 71021.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 3.97% having worth around $12.72 million. Moreover, BlackRock Fund Advisors increased its share by 98788.0 to have a control over 0.81 million shares. And ETF Managers Group LLC raised its holdings to 0.19 million shares by acquiring 0.61 million shares or 3.00% of the stake.
AFC Gamma Inc. (AFCG) concluded trading on 01/19/23 at a closing price of $15.81, with 0.23 million shares of worth about $3.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.11% during that period and on Thursday the price saw a loss of about -3.12%. Currently the company’s common shares owned by public are about 20.02M shares, out of which, 16.28M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 153,866 shares in 11 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Federated Hermes Kaufmann Small C, ETFMG Alternative Harvest ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in AFC Gamma Inc. Federated Hermes Kaufmann Small C is currently holding 0.9 million shares of worth totaling $14.16 million. The company recently came buying 0.0 shares which brought its stake up to 4.42% of the company’s outstanding shares. ETFMG Alternative Harvest ETF sold 1098.0 shares, after which its hold over company’s outstanding shares shrunk to 3.83%, leaving 0.78 million shares with the mutual fund that have a worth of about $12.27 million. Vanguard Total Stock Market Index, after buying 0.53 million shares, have now control over 2.60% of the stake in the company. It holds 0.0 shares of worth $8.32 million.
AFC Gamma Inc. (NASDAQ: AFCG) started trading at $16.20, below -$0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 16.31, or with a loss of -3.12%. Stock saw a price change of -3.12% in past 5 days and over the past one month there was a price change of -6.67%. Year-to-date (YTD), AFCG shares are showing a performance of 0.51% which decreased to -22.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.90 but also hit the highest price of $20.74 during that period. The average intraday trading volume for AFC Gamma Inc. shares is 124.96K. The stock is currently trading -1.97% below its 20-day simple moving average (SMA20), while that difference is down -3.84% for SMA50 and it goes to -5.63% lower than SMA200.
The Vanguard Group, Inc. acquired 0.81 million shares of AFC Gamma Inc. having value of about $12.72 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 71021.0 shares in the company valued at close to $1122842.01, or have control over 9.63% stake in the company. AFC Gamma Inc. (NASDAQ: AFCG) currently have 20.02M outstanding shares and institutions hold larger chunk of about 37.90% of that. Holding of mutual funds in the company is about 21.46% while other institutional holders and individual stake holders have control over 24.16% and 13.41% of the stake respectively.
The stock has a current market capitalization of $318.89M. PE ratio of stock for trailing 12 months is 7.61, while it has posted earnings per share of $2.08 in the same period. It has a debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AFCG, volatility over the week remained 3.10% while standing at 2.87% over the month.
Analysts are in expectations that AFC Gamma Inc. (AFCG) stock would likely to be making an EPS of $0.65 in the current quarter, while forecast for next quarter EPS is $0.68 and it is $2.98 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.61 which is $0.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.44 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 585.50% while it is estimated to decrease by -0.36% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on August 26, 2021 offering a Buy rating for the stock and assigned a target price of $24 to it. Coverage by Cowen stated AFC Gamma Inc. (AFCG) stock as an Outperform in their note to investors on August 11, 2021, suggesting a price target of $27 for the stock. On June 15, 2021, Compass Point Initiated their recommendations, while on May 14, 2021, Lake Street Initiated their ratings for the stock with a price target of $29. Stock get a Buy rating from Seaport Global Securities on April 13, 2021.
