AFC Gamma, Inc. (NASDAQ:AFCG – Get Free Report) insider Robyn Tannenbaum bought 4,000 shares of AFC Gamma stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $6.25 per share, with a total value of $25,000.00. Following the completion of the acquisition, the insider now directly owns 117,667 shares in the company, valued at $735,418.75. This represents a 3.52 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Robyn Tannenbaum also recently made the following trade(s):
- On Monday, March 17th, Robyn Tannenbaum bought 4,000 shares of AFC Gamma stock. The stock was purchased at an average cost of $6.17 per share, with a total value of $24,680.00.
AFC Gamma Stock Down 4.8 %
NASDAQ AFCG opened at $6.30 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.92 and a current ratio of 3.92. The company has a market capitalization of $138.30 million, a P/E ratio of 15.75 and a beta of 1.03. AFC Gamma, Inc. has a one year low of $6.08 and a one year high of $13.28. The stock has a 50 day moving average price of $8.30 and a 200-day moving average price of $9.24.
Analysts Set New Price Targets
Get Our Latest Research Report on AFCG
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of AFCG. GSA Capital Partners LLP bought a new position in shares of AFC Gamma during the 3rd quarter valued at approximately $140,000. Charles Schwab Investment Management Inc. boosted its position in shares of AFC Gamma by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,403 shares of the company’s stock valued at $515,000 after acquiring an additional 2,200 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of AFC Gamma by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 78,261 shares of the company’s stock valued at $799,000 after acquiring an additional 14,570 shares during the last quarter. Centiva Capital LP bought a new stake in AFC Gamma in the third quarter worth $193,000. Finally, State Street Corp lifted its position in AFC Gamma by 2.8% in the third quarter. State Street Corp now owns 376,611 shares of the company’s stock worth $3,968,000 after buying an additional 10,320 shares during the last quarter. 26.53% of the stock is currently owned by institutional investors.
About AFC Gamma
AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.
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