Docoh
Loading...

AFCG AFC Gamma

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.

AFCG stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Aug 21
22 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from AFC Gamma earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Cash on hand (at last report) 124.6M 124.6M 124.6M
Cash burn (monthly) 729.7K (positive/no burn) (positive/no burn)
Cash used (since last report) 2.73M n/a n/a
Cash remaining 121.87M n/a n/a
Runway (months of cash) 167.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Aug 21 Brett Kaufman Common Stock Grant Acquire A No No 20.5 1,000 20.5K 50,043
6 Aug 21 Brett Kaufman Common Stock Grant Acquire A No No 0 49,043 0 49,043
25 Jun 21 Robyn Tannenbaum Common Stock Buy Acquire P No No 20.71 1,000 20.71K 2,000
23 Mar 21 Robert L Levy Stock Option Common Stock Grant Acquire A No No 19 1,400 26.6K 1,400

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

57.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 58 26 +123.1%
Opened positions 40 26 +53.8%
Closed positions 8 0 NEW
Increased positions 14 0 NEW
Reduced positions 1 0 NEW
13F shares
Current Prev Q Change
Total value 20.86B 20.69B +0.8%
Total shares 9.49M 6.09M +55.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Ubs Oconnor 1M $20.69B +2.2%
Hood River Capital Management 975.35K $20.14M +22.1%
Weiss Multi-Strategy Advisers 763.27K $15.76M +119.1%
FHI Federated Hermes 700K $14.46M +19.4%
Jonathan Gilbert Kalikow 668.5K $14.17M 0.0%
Philadelphia Financial Management of San Francisco 591.99K $12.23M +54.3%
Walleye Capital 432.38K $8.93M +332.4%
Wasatch Advisors 415K $8.57M NEW
BLK Blackrock 396.19K $8.18M NEW
Vanguard 394.24K $8.14M NEW
Largest transactions
Shares Bought/sold Change
Wasatch Advisors 415K +415K NEW
Weiss Multi-Strategy Advisers 763.27K +414.97K +119.1%
BLK Blackrock 396.19K +396.19K NEW
Vanguard 394.24K +394.24K NEW
Walleye Capital 432.38K +332.38K +332.4%
HighTower Advisors 232.95K +232.95K NEW
Philadelphia Financial Management of San Francisco 591.99K +208.41K +54.3%
JW Asset Management 0 -200K EXIT
JEF Jefferies 189.81K +189.81K NEW
Hood River Capital Management 975.35K +176.63K +22.1%

Financial report summary

?
Management Discussion
  • We commenced operations on July 31, 2020 and therefore, have no period to compare results for the three and six months ended June 30, 2021. We are currently in the process of investing the proceeds of our offerings. Results for the initial period of our operations are not indicative of the results we expect when our investment strategy has been fully implemented.
  • Our net income allocable to our common stockholders for the three and six months ended June 30, 2021 was approximately $4.6 million and $6.0 million or $0.34 and $0.58 per basic weighted average common share, respectively. Net income of approximately $4.6 million and $6.0 million for the three and six months ended June 30, 2021, respectively, was comprised of approximately $8.7 million and $13.4 in total revenues, operating expenses of approximately $0.9 million and $1.5 million, stock-based compensation expense of $11,457 and approximately $1.6 million, management and incentive fees of approximately $2.1 million and $3.0 million, change in the provision for current expected credit losses of approximately $0.6 million and $0.7 million and a net change in unrealized gain on loans of approximately $0.5 million and $0.6 million, respectively.
  • Investments in loans held at fair value are recorded on the trade date at cost, which reflects the amount of principal funded net of any original issue discounts. An unrealized gain arises when the value of the loan portfolio exceeds its cost, and an unrealized loss arises when the value of the loan portfolio is less than its cost. The net change in unrealized gain of approximately $0.5 million and $0.6 million for the three and six months ended June 30, 2021, respectively, was mainly driven by the net change in the valuation of the loans.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg