AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Buys 15,000 Shares

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum acquired 15,000 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were bought at an average price of $3.55 per share, for a total transaction of $53,250.00. Following the completion of the transaction, the director owned 6,899,299 shares of the company’s stock, valued at approximately $24,492,511.45. This trade represents a 0.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

AFC Gamma Stock Performance

NASDAQ AFCG opened at $3.52 on Wednesday. The business’s 50 day moving average price is $3.10 and its 200-day moving average price is $3.03. AFC Gamma Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $4.65. The company has a market cap of $79.80 million, a P/E ratio of 18.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.34 and a current ratio of 1.34.

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

AFC Gamma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, September 30th. AFC Gamma’s dividend payout ratio is 105.26%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings raised 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 equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock 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.