AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Acquires 65,752 Shares

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum purchased 65,752 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average cost of $3.53 per share, for a total transaction of $232,104.56. Following the acquisition, the director owned 6,780,803 shares in the company, valued at approximately $23,936,234.59. The trade was a 0.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

AFC Gamma Stock Performance

Shares of NASDAQ AFCG opened at $3.49 on Wednesday. AFC Gamma Inc. has a 12-month low of $2.06 and a 12-month high of $5.00. The company has a market cap of $79.12 million, a PE ratio of 18.37 and a beta of 0.95. The stock has a 50 day simple moving average of $3.02 and a 200-day simple moving average of $2.95. 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 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. 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 forecast that AFC Gamma Inc. will post 0.72 EPS for the current year.

AFC Gamma Dividend Announcement

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

Wall Street Analyst Weigh In

AFCG has been the subject of a number of analyst reports. 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 lowered shares of AFC Gamma from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, AFC Gamma 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.