AFC Gamma (NASDAQ:AFCG) Stock: Insider Robyn Tannenbaum Purchases 10,000 Shares

AFC Gamma Inc. (NASDAQ:AFCG) insider Robyn Tannenbaum purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $3.09 per share, for a total transaction of $30,900.00. Following the acquisition, the insider directly owned 236,907 shares in the company, valued at $732,042.63. This trade represents a 4.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

AFC Gamma Price Performance

AFCG stock opened at $3.49 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63. AFC Gamma Inc. has a 12 month low of $2.06 and a 12 month high of $3.84. The stock has a market cap of $78.18 million, a PE ratio of 3.36 and a beta of 1.00. The company has a 50-day moving average price of $3.29 and a 200 day moving average price of $2.98.

AFC Gamma (NASDAQ:AFCG) last announced its earnings results on Thursday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. The business had revenue of $8.57 million during the quarter, compared to analyst estimates of $8.30 million. AFC Gamma had a return on equity of 4.57% and a net margin of 71.50%. Equities research analysts anticipate that AFC Gamma Inc. will post 0.71 earnings per share for the current year.

AFC Gamma Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.05 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 5.7%. AFC Gamma’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AFCG shares. Weiss Ratings raised 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 cut AFC Gamma from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

AFC Gamma Company Profile

AFC Gamma, Inc. is a specialty finance company focused primarily on providing institutional debt financing to businesses operating in the regulated cannabis industry. The company has historically targeted established cannabis operators and other participants in the industry that may have limited access to traditional bank financing. Its financing activities have included senior secured loans, mortgage-backed loans and other structured debt arrangements. Borrowers may use these funds to support the acquisition, development or expansion of cannabis cultivation, processing, manufacturing and retail facilities, as well as related working-capital and corporate needs.