AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Buys 15,223 Shares

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum purchased 15,223 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $3.59 per share, for a total transaction of $54,650.57. Following the transaction, the director owned 6,849,299 shares of the company’s stock, valued at approximately $24,588,983.41. This trade represents a 0.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AFC Gamma Price Performance

Shares of AFC Gamma stock opened at $3.57 on Friday. The stock has a market capitalization of $80.93 million, a price-to-earnings ratio of 18.79 and a beta of 0.95. AFC Gamma Inc. has a 1-year low of $2.06 and a 1-year high of $4.93. 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 fifty day simple moving average of $3.05 and a 200-day simple moving average of $2.97.

AFC Gamma (NASDAQ:AFCG) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $8.59 million. AFC Gamma had a return on equity of 2.85% and a net margin of 15.64%. On average, sell-side analysts expect that AFC Gamma Inc. will post 0.72 earnings per share for the current year.

AFC Gamma Announces Dividend

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 $0.05 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 5.6%. AFC Gamma’s dividend payout ratio (DPR) is presently 105.26%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings upgraded 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 lowered shares of AFC Gamma from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AFC Gamma currently 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.