Leonard Tannenbaum Buys 12,841 Shares of AFC Gamma (NASDAQ:AFCG) Stock

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum bought 12,841 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average cost of $3.48 per share, for a total transaction of $44,686.68. Following the acquisition, the director directly owned 6,575,445 shares in the company, valued at $22,882,548.60. This trade represents a 0.20% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

AFC Gamma Stock Performance

NASDAQ AFCG opened at $3.32 on Friday. The company’s 50 day simple moving average is $2.99 and its two-hundred day simple moving average is $2.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 1.34. AFC Gamma Inc. has a 1 year low of $2.06 and a 1 year high of $5.10. The stock has a market capitalization of $75.26 million, a PE ratio of 17.47 and a beta of 0.91.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $6.77 million during the quarter, compared to analyst estimates of $8.59 million. AFC Gamma had a net margin of 15.64% and a return on equity of 2.85%. Analysts predict that AFC Gamma Inc. will post 0.78 earnings per share for the current fiscal 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 6.0%. AFC Gamma’s dividend payout ratio (DPR) is currently 105.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a research note on Friday, July 17th. 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 given a Sell rating to the company. According to MarketBeat.com, the company 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.