AFC Gamma (NASDAQ:AFCG) Director Purchases $232,104.56 in Stock

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum acquired 65,752 shares of the company’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of $3.53 per share, for a total transaction of $232,104.56. Following the completion of the acquisition, the director directly owned 6,780,803 shares in the company, valued at $23,936,234.59. The trade was a 0.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AFC Gamma Stock Down 3.1%

Shares of AFCG traded down $0.11 during trading on Tuesday, reaching $3.49. The company’s stock had a trading volume of 60,052 shares, compared to its average volume of 233,388. The company has a market cap of $79.12 million, a price-to-earnings ratio of 18.37 and a beta of 0.91. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $3.01 and a two-hundred day moving average of $2.94. AFC Gamma Inc. has a twelve month low of $2.06 and a twelve month high of $5.00.

AFC Gamma (NASDAQ:AFCG) last released its quarterly 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. The business had revenue of $6.77 million during the quarter, compared to the consensus estimate of $8.59 million. AFC Gamma had a net margin of 15.64% and a return on equity of 2.85%. On average, sell-side analysts predict that AFC Gamma Inc. will post 0.72 EPS for the current fiscal year.

AFC Gamma Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Tuesday, June 30th. AFC Gamma’s dividend payout ratio (DPR) is currently 105.26%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AFCG. Weiss Ratings upgraded shares of AFC Gamma from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 20th. Wall Street Zen downgraded 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 stock. According to data from MarketBeat.com, the company presently has a consensus 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.