Fintel reports that on December 17, 2024, Alliance Global Partners initiated coverage of Advanced Flower Capital (NasdaqGM:AFCG) with a Buy recommendation.
Analyst Price Forecast Suggests 38.06% Upside
As of December 3, 2024, the average one-year price target for Advanced Flower Capital is $12.75/share. The forecasts range from a low of $10.10 to a high of $14.70. The average price target represents an increase of 38.06% from its latest reported closing price of $9.24 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advanced Flower Capital is 99MM, an increase of 130.04%. The projected annual non-GAAP EPS is 2.70.
What is the Fund Sentiment?
There are 190 funds or institutions reporting positions in Advanced Flower Capital. This is an increase of 16 owner(s) or 9.20% in the last quarter. Average portfolio weight of all funds dedicated to AFCG is 0.08%, an increase of 22.32%. Total shares owned by institutions increased in the last three months by 23.83% to 8,441K shares. 
The put/call ratio of AFCG is 0.17, indicating a bullish outlook.
What are Other Shareholders Doing?
Toroso Investments holds 520K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 434K shares , representing an increase of 16.48%. The firm decreased its portfolio allocation in AFCG by 43.35% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 483K shares representing 2.20% ownership of the company. No change in the last quarter.
IWM - iShares Russell 2000 ETF holds 469K shares representing 2.14% ownership of the company. In its prior filing, the firm reported owning 392K shares , representing an increase of 16.44%. The firm decreased its portfolio allocation in AFCG by 13.60% over the last quarter.
Amplify ETF Trust - Amplify Alternative Harvest ETF holds 406K shares representing 1.85% ownership of the company. In its prior filing, the firm reported owning 401K shares , representing an increase of 1.08%. The firm decreased its portfolio allocation in AFCG by 15.93% over the last quarter.
WAMVX - Wasatch Micro Cap Value Fund Investor Class shares holds 292K shares representing 1.33% ownership of the company. No change in the last quarter.
AFC Gamma Background Information
(This description is provided by the company.)
AFC Gamma, Inc. is an institutional lender to leading cannabis companies with strong operations and cash-flow prospects, real-estate-security and other collateral, and locations in states with favorable supply/demand fundamentals and legislative environments. AFC’s platform provides innovative and customized financing solutions through first-lien loans, mortgage loans, construction loans and bridge financings. The senior-management team of the company has a combined approximately 100 years of experience in investment management and disciplined credit investing across a range of economic cycles.
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This story originally appeared on Fintel.
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