AFC Gamma Successfully Exits $84.0 Million Loan to Subsidiary of Public Company H
![GlobeNewswire](../../../Content/images/providers/GN.png)
AFC Gamma, Inc. (AFCG)
Company Research
Source: GlobeNewswire
WEST PALM BEACH, Fla., June 04, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it has successfully exited its $84.0 million loan to Subsidiary of Public Company H. This was AFC Gamma’s largest loan in its portfolio and during our last earnings call, we noted that the borrower failed to make its April interest payment in May. Through active portfolio management, AFC Gamma is pleased to announce that it has sold the loan to a third-party at par plus accrued, which generated a 19.9% internal rate of return (“IRR”) over the life of the loan. “When I joined AFC, I was focused on reducing exposure to underperforming credits through proactive portfolio management. This exit demonstrates our commitment to working through challenging loans to deliver value for our shareholders. We look forward to redeploying the capital into deals with strong risk adjusted returns and further diversifying our portfolio,” said Daniel Neville, AFC Gamma’s Chief Execu
Show less
Read more
Impact Snapshot
Event Time:
AFCG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AFCG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AFCG alerts
High impacting AFC Gamma, Inc. news events
Weekly update
A roundup of the hottest topics
AFCG
News
- AFC Gamma Announces Second Quarter 2024 Dividend [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Announces Second Quarter 2024 DividendGlobeNewswire
- Co-Founder & Executive Chairman of AFC Gamma Leonard Tannenbaum Buys 1.6% More Shares [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Successfully Exits $84.0 Million Loan to Subsidiary of Public Company H [Yahoo! Finance]Yahoo! Finance
- AFC Gamma, Inc. (NASDAQ: AFCG) was downgraded by analysts at Compass Point from a "neutral" rating to a "sell" rating. They now have a $10.00 price target on the stock.MarketBeat
AFCG
Earnings
- 5/9/24 - Beat
AFCG
Sec Filings
- 6/6/24 - Form 4
- 5/23/24 - Form 8-K
- 5/20/24 - Form 8-K
- AFCG's page on the SEC website