AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Buys 45,829 Shares of Stock

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum acquired 45,829 shares of the stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $3.06 per share, for a total transaction of $140,236.74. Following the completion of the acquisition, the director directly owned 6,562,604 shares of the company’s stock, valued at $20,081,568.24. The trade was a 0.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

AFC Gamma Stock Performance

Shares of AFCG stock opened at $3.47 on Tuesday. The company’s fifty day simple moving average is $2.99 and its 200-day simple moving average is $2.85. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The firm has a market cap of $78.66 million, a PE ratio of 18.26 and a beta of 0.91. AFC Gamma Inc. has a 12 month low of $2.06 and a 12 month high of $5.10.

AFC Gamma (NASDAQ:AFCG) last announced its earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.59 million. Equities research analysts expect that AFC Gamma Inc. will post 0.78 EPS for the current fiscal year.

AFC Gamma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Tuesday, June 30th. AFC Gamma’s dividend payout ratio is currently 105.26%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AFCG. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AFC Gamma in a research report on Friday, July 17th. Zacks Research upgraded AFC Gamma from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Wall Street Zen lowered AFC Gamma from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.