Leonard Tannenbaum Purchases 25,000 Shares of AFC Gamma (NASDAQ:AFCG) Stock

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum acquired 25,000 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of $3.28 per share, with a total value of $82,000.00. Following the transaction, the director owned 6,620,445 shares of the company’s stock, valued at approximately $21,715,059.60. This represents a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

AFC Gamma Trading Down 1.7%

Shares of AFCG stock opened at $3.39 on Wednesday. AFC Gamma Inc. has a 12-month low of $2.06 and a 12-month high of $5.10. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average price is $2.99 and its 200-day moving average price is $2.90. The stock has a market capitalization of $76.85 million, a price-to-earnings ratio of 17.84 and a beta of 0.91.

AFC Gamma (NASDAQ:AFCG) last announced 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. AFC Gamma had a return on equity of 2.85% and a net margin of 15.64%.The company had revenue of $6.77 million during the quarter, compared to analyst estimates of $8.59 million. Equities research analysts predict that AFC Gamma Inc. will post 0.72 EPS for the current fiscal year.

AFC Gamma Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.9%. AFC Gamma’s dividend payout ratio (DPR) is 105.26%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AFCG. Weiss Ratings raised 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 cut 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 issued a Sell rating to the company. According to data from MarketBeat, the company 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.