AFC Gamma (NASDAQ:AFCG) Director Buys $102,300.00 in Stock

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum purchased 30,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were bought at an average cost of $3.41 per share, for a total transaction of $102,300.00. Following the completion of the purchase, the director directly owned 6,650,445 shares of the company’s stock, valued at $22,678,017.45. The trade was a 0.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AFC Gamma Stock Performance

AFCG stock opened at $3.60 on Friday. The company has a 50 day moving average price of $3.00 and a 200 day moving average price of $2.92. AFC Gamma Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $81.61 million, a PE ratio of 18.95 and a beta of 0.91.

AFC Gamma (NASDAQ:AFCG) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $6.77 million for the quarter, compared to analyst estimates of $8.59 million. AFC Gamma had a return on equity of 2.85% and a net margin of 15.64%. Analysts forecast that AFC Gamma Inc. will post 0.72 EPS for the current year.

AFC Gamma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, June 30th. AFC Gamma’s dividend payout ratio (DPR) is presently 105.26%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AFCG shares. Weiss Ratings upgraded shares of AFC Gamma from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of AFC Gamma from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

AFC Gamma Company Profile

AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.

The company’s primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.