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

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost of $3.28 per share, for a total transaction of $82,000.00. Following the acquisition, the director directly owned 6,620,445 shares of the company’s stock, valued at $21,715,059.60. The trade was a 0.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

AFC Gamma Stock Up 5.5%

AFC Gamma stock opened at $3.45 on Tuesday. The stock has a market cap of $78.21 million, a PE ratio of 18.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 1.34. The stock’s fifty day moving average is $2.99 and its two-hundred day moving average is $2.89. AFC Gamma Inc. has a 1-year low of $2.06 and a 1-year high of $5.10.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. AFC Gamma had a return on equity of 2.85% and a net margin of 15.64%.The business had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $8.59 million. On average, sell-side analysts expect that AFC Gamma Inc. will post 0.78 EPS for the current fiscal year.

AFC Gamma Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of AFC Gamma from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of AFC Gamma from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.