AFC Gamma (NASDAQ:AFCG) Director Acquires $76,250.00 in Stock

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum bought 25,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were acquired at an average price of $3.05 per share, with a total value of $76,250.00. Following the completion of the purchase, the director directly owned 5,861,098 shares of the company’s stock, valued at approximately $17,876,348.90. The trade was a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

AFC Gamma Price Performance

Shares of AFCG traded down $0.23 during midday trading on Monday, hitting $3.29. The company’s stock had a trading volume of 497,928 shares, compared to its average volume of 225,797. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.13. AFC Gamma Inc. has a one year low of $2.52 and a one year high of $9.60. The stock has a market capitalization of $74.32 million, a price-to-earnings ratio of -3.16 and a beta of 1.03. The company’s fifty day simple moving average is $3.18 and its two-hundred day simple moving average is $4.08.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 earnings per share 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 analyst estimates of $6.55 million. As a group, equities analysts expect that AFC Gamma Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AFCG shares. Zacks Research raised shares of AFC Gamma to a “hold” rating in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AFC Gamma has an average rating of “Reduce” and an average price target of $5.75.

AFC Gamma Company Profile

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.