AFC Gamma (NASDAQ:AFCG) Insider Robyn Tannenbaum Purchases 7,000 Shares of Stock

AFC Gamma Inc. (NASDAQ:AFCG) insider Robyn Tannenbaum bought 7,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was purchased at an average cost of $2.80 per share, with a total value of $19,600.00. Following the purchase, the insider owned 225,907 shares of the company’s stock, valued at $632,539.60. This represents a 3.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

AFC Gamma Trading Up 1.4%

AFCG stock opened at $2.81 on Friday. The company has a market capitalization of $66.12 million, a PE ratio of -2.96 and a beta of 0.84. AFC Gamma Inc. has a one year low of $2.06 and a one year high of $5.87. The company’s 50 day moving average price is $2.45 and its two-hundred day moving average price is $2.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.45 and a current ratio of 3.45.

AFC Gamma (NASDAQ:AFCG) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.18). AFC Gamma had a negative net margin of 70.17% and a positive return on equity of 0.99%. The business had revenue of $9.07 million during the quarter, compared to analysts’ expectations of $5.36 million. As a group, analysts predict that AFC Gamma Inc. will post 1.64 earnings per share for the current fiscal year.

AFC Gamma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, March 31st. AFC Gamma’s dividend payout ratio (DPR) is -21.05%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AFCG shares. Zacks Research cut AFC Gamma from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of AFC Gamma in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Sell” and a consensus target price of $4.50.

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.