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.
Company profile
Ticker
AFCG
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AFCG TRS1, LLC ...
IRS number
851807125
AFCG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
19 May 23
8-K
AFC Gamma, Inc. Announces Financial Results for First Quarter 2023
10 May 23
10-Q
2023 Q1
Quarterly report
10 May 23
ARS
2022 FY
Annual report to shareholders
4 Apr 23
DEFA14A
Additional proxy soliciting materials
4 Apr 23
DEF 14A
Definitive proxy
4 Apr 23
8-K
Departure of Directors or Certain Officers
20 Mar 23
S-8
Registration of securities for employees
8 Mar 23
8-K
AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2022
7 Mar 23
10-K
2022 FY
Annual report
7 Mar 23
Transcripts
AFCG
Earnings call transcript
2023 Q1
10 May 23
AFCG
Earnings call transcript
2022 Q4
7 Mar 23
AFCG
Earnings call transcript
2022 Q3
8 Nov 22
AFCG
Earnings call transcript
2022 Q2
9 Aug 22
AFCG
Earnings call transcript
2022 Q1
10 May 22
AFCG
Earnings call transcript
2021 Q4
10 Mar 22
AFCG
Earnings call transcript
2021 Q3
6 Nov 21
AFCG
Earnings call transcript
2021 Q2
8 Aug 21
AFCG
Earnings call transcript
2021 Q1
11 May 21
Latest ownership filings
4
LEONARD M TANNENBAUM
17 May 23
4
LEONARD M TANNENBAUM
15 May 23
4
Robyn Tannenbaum
15 May 23
3
Brandon Hetzel
23 Mar 23
4/A
LEONARD M TANNENBAUM
21 Mar 23
4/A
Robyn Tannenbaum
21 Mar 23
4/A
LEONARD M TANNENBAUM
21 Mar 23
4
LEONARD M TANNENBAUM
13 Mar 23
4
LEONARD M TANNENBAUM
9 Mar 23
4
Robyn Tannenbaum
9 Mar 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 80.61 mm | 80.61 mm | 80.61 mm | 80.61 mm | 80.61 mm | 80.61 mm |
| Cash burn (monthly) | 19.92 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 44.83 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 35.78 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 1.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
36.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 85 |
| Opened positions | 12 |
| Closed positions | 13 |
| Increased positions | 30 |
| Reduced positions | 23 |
| 13F shares | Current |
|---|---|
| Total value | 77.81 bn |
| Total shares | 7.55 mm |
| Total puts | 33.10 k |
| Total calls | 63.20 k |
| Total put/call ratio | 0.5 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 1.21 mm | $14.71 bn |
| Etf Managers | 1.13 mm | $13.70 bn |
| Vanguard | 850.95 k | $10.35 bn |
| Jonathan Gilbert Kalikow | 668.50 k | $14.17 mm |
| Wasatch Advisors | 554.27 k | $6.74 bn |
| FHI Federated Hermes | 300.00 k | $3.65 bn |
| STT State Street | 282.60 k | $3.59 bn |
| Renaissance Technologies | 258.30 k | $3.14 mm |
| Mirae Asset Global Investments | 185.93 k | $2.26 bn |
| Bullseye Asset Management | 165.10 k | $2.01 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 May 23 | Tannenbaum Leonard M | Common Stock | Buy | Acquire P | No | No | 10.45 | 51,309 | 536.18 k | 3,633,527 |
| 12 May 23 | Robyn Tannenbaum | Common Stock | Buy | Acquire P | Yes | No | 10.34 | 45,000 | 465.30 k | 129,217 |
| 12 May 23 | Robyn Tannenbaum | Common Stock | Buy | Acquire P | Yes | No | 10.39 | 80,000 | 831.20 k | 3,582,218 |
| 12 May 23 | Tannenbaum Leonard M | Common Stock | Buy | Acquire P | Yes | No | 10.34 | 45,000 | 465.30 k | 129,217 |
| 12 May 23 | Tannenbaum Leonard M | Common Stock | Buy | Acquire P | No | No | 10.39 | 80,000 | 831.20 k | 3,582,218 |
| 11 May 23 | Robyn Tannenbaum | Common Stock | Buy | Acquire P | Yes | No | 10.21 | 29,217 | 298.31 k | 84,217 |
| 11 May 23 | Robyn Tannenbaum | Common Stock | Buy | Acquire P | Yes | No | 10.02 | 87,155 | 873.29 k | 3,502,218 |
| 11 May 23 | Robyn Tannenbaum | Common Stock | Buy | Acquire P | No | No | 10.11 | 2,000 | 20.22 k | 31,690 |
| 11 May 23 | Tannenbaum Leonard M | Common Stock | Buy | Acquire P | Yes | No | 10.11 | 2,000 | 20.22 k | 31,690 |
| 11 May 23 | Tannenbaum Leonard M | Common Stock | Buy | Acquire P | Yes | No | 10.21 | 29,217 | 298.31 k | 84,217 |
News
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2 Jun 23
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2 Jun 23
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