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

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

AFC Gamma Trading Up 4.1%

AFC Gamma stock opened at $3.58 on Thursday. 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 firm has a 50 day moving average of $2.99 and a 200 day moving average of $2.87. The firm has a market capitalization of $81.16 million, a price-to-earnings ratio of 18.84 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 released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The business 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%. As a group, research analysts predict that AFC Gamma Inc. will post 0.78 earnings per share for the current year.

AFC Gamma Dividend Announcement

The business 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 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Tuesday, June 30th. AFC Gamma’s payout ratio is presently 105.26%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AFCG shares. Wall Street Zen lowered shares of AFC Gamma from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AFC Gamma currently 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.