AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Acquires 25,000 Shares

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was bought at an average price of $3.05 per share, with a total value of $76,250.00. Following the completion of the acquisition, the director directly owned 5,861,098 shares of the company’s stock, valued at $17,876,348.90. This trade represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

AFC Gamma Trading Down 6.5%

AFCG traded down $0.23 during midday trading on Monday, hitting $3.29. 497,928 shares of the company were exchanged, compared to its average volume of 225,797. AFC Gamma Inc. has a 1-year low of $2.52 and a 1-year high of $9.60. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $74.32 million, a P/E ratio of -3.16 and a beta of 1.03. The firm’s 50 day moving average price is $3.18 and its 200-day moving average price is $4.08.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of ($3.18) million for the quarter, compared to the consensus estimate of $6.55 million. AFC Gamma had a positive return on equity of 8.45% and a negative net margin of 70.46%. As a group, equities analysts forecast that AFC Gamma Inc. will post 1.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AFCG. Weiss Ratings reissued a “sell (d)” rating on shares of AFC Gamma in a research note on Wednesday, October 8th. Zacks Research raised shares of AFC Gamma to a “hold” rating in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.75.

AFC Gamma Company Profile

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.