AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Acquires 15,223 Shares

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum purchased 15,223 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of $3.59 per share, for a total transaction of $54,650.57. Following the purchase, the director directly owned 6,849,299 shares in the company, valued at approximately $24,588,983.41. This trade represents a 0.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

AFC Gamma Stock Down 1.4%

Shares of AFCG stock traded down $0.05 on Friday, hitting $3.57. 39,388 shares of the stock were exchanged, compared to its average volume of 230,409. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $80.93 million, a P/E ratio of 18.79 and a beta of 0.95. The business has a 50-day moving average of $3.04 and a 200 day moving average of $2.96. AFC Gamma Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $4.93.

AFC Gamma (NASDAQ:AFCG) last announced its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business 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%. Equities analysts anticipate that AFC Gamma Inc. will post 0.72 EPS for the current year.

AFC Gamma Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, June 30th. AFC Gamma’s dividend payout ratio (DPR) is currently 105.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AFCG. Wall Street Zen lowered shares of AFC Gamma from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of AFC Gamma from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About AFC Gamma

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.