AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Buys 25,198 Shares

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum purchased 25,198 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were acquired at an average price of $3.50 per share, with a total value of $88,193.00. Following the purchase, the director directly owned 6,924,497 shares in the company, valued at $24,235,739.50. This represents a 0.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

AFC Gamma Stock Up 0.6%

AFC Gamma stock opened at $3.52 on Wednesday. The firm has a market capitalization of $79.80 million, a price-to-earnings ratio of 18.53 and a beta of 0.95. The firm’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.03. AFC Gamma Inc. has a 1-year low of $2.06 and a 1-year high of $4.65. 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 company 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 earnings per share for the current fiscal year.

AFC Gamma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.20 annualized dividend and a yield of 5.7%. AFC Gamma’s dividend payout ratio is 105.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AFCG. Weiss Ratings upgraded 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 report on Saturday, August 15th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently 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.