AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Acquires 15,202 Shares of Stock

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum purchased 15,202 shares of the stock in a transaction dated Thursday, August 27th. The stock was purchased at an average cost of $3.46 per share, for a total transaction of $52,598.92. Following the completion of the acquisition, the director owned 6,715,051 shares of the company’s stock, valued at approximately $23,234,076.46. This represents a 0.23% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AFC Gamma Price Performance

Shares of AFCG stock traded up $0.16 during trading hours on Friday, reaching $3.60. The stock had a trading volume of 167,215 shares, compared to its average volume of 234,677. The stock’s fifty day simple moving average is $3.00 and its 200 day simple moving average is $2.92. The firm has a market capitalization of $81.61 million, a PE ratio of 18.95 and a beta of 0.91. AFC Gamma Inc. has a 12 month low of $2.06 and a 12 month high of $5.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.69.

AFC Gamma (NASDAQ:AFCG) last posted its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. AFC Gamma had a net margin of 15.64% and a return on equity of 2.85%. The business had revenue of $6.77 million for the quarter, compared to analyst estimates of $8.59 million. On average, equities research analysts predict that AFC Gamma Inc. will post 0.72 EPS for the current year.

AFC Gamma Announces Dividend

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

Wall Street Analyst Weigh In

AFCG has been the subject of several recent analyst reports. Wall Street Zen lowered AFC Gamma from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. 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. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AFC Gamma 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.