Daniel Neville Acquires 17,000 Shares of AFC Gamma (NASDAQ:AFCG) Stock

AFC Gamma Inc. (NASDAQ:AFCG) CEO Daniel Neville purchased 17,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of $2.81 per share, for a total transaction of $47,770.00. Following the acquisition, the chief executive officer directly owned 226,649 shares of the company’s stock, valued at approximately $636,883.69. This represents a 8.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Daniel Neville also recently made the following trade(s):

• On Monday, September 8th, Daniel Neville acquired 12,388 shares of AFC Gamma stock. The shares were purchased at an average price of $4.44 per share, for a total transaction of $55,002.72.
• On Monday, August 25th, Daniel Neville bought 10,000 shares of AFC Gamma stock. The shares were purchased at an average price of $4.04 per share, for a total transaction of $40,400.00.

AFC Gamma Price Performance

AFC Gamma stock traded down $0.20 during mid-day trading on Tuesday, hitting $2.82. The stock had a trading volume of 332,353 shares, compared to its average volume of 146,976. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $3.66 and its 200 day moving average is $4.37. The firm has a market capitalization of $63.70 million, a P/E ratio of -2.71 and a beta of 1.02. AFC Gamma Inc. has a one year low of $2.75 and a one year high of $9.93.

AFC Gamma (NASDAQ:AFCG) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). AFC Gamma had a negative net margin of 70.46% and a positive return on equity of 8.45%. The business had revenue of ($3.18) million during the quarter, compared to analysts’ expectations of $6.55 million. On average, sell-side analysts forecast that AFC Gamma Inc. will post 1.64 earnings per share for the current fiscal year.

AFC Gamma Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 21.3%. The ex-dividend date of this dividend was Tuesday, September 30th. AFC Gamma’s dividend payout ratio (DPR) is -57.69%.

Wall Street Analysts Forecast Growth

AFCG has been the topic of several research analyst reports. Alliance Global Partners downgraded shares of AFC Gamma from a “buy” rating to a “hold” rating and set a $4.50 target price on the stock. in a report on Friday, August 15th. Zacks Research upgraded shares of AFC Gamma to a “hold” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $5.75.

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.