AFC Gamma, Inc. (NASDAQ:AFCG – Get Free Report) insider Robyn Tannenbaum bought 4,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $6.17 per share, for a total transaction of $24,680.00. Following the transaction, the insider now directly owns 121,667 shares in the company, valued at approximately $750,685.39. This trade represents a 3.40 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
Robyn Tannenbaum also recently made the following trade(s):
- On Friday, March 14th, Robyn Tannenbaum purchased 4,000 shares of AFC Gamma stock. The shares were bought at an average price of $6.25 per share, for a total transaction of $25,000.00.
AFC Gamma Stock Down 4.8 %
NASDAQ AFCG traded down $0.32 on Monday, hitting $6.30. 580,267 shares of the stock were exchanged, compared to its average volume of 167,861. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $8.34 and a 200-day moving average price of $9.27. The company has a market cap of $138.30 million, a PE ratio of 15.75 and a beta of 1.03. AFC Gamma, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $13.28.
Institutional Investors Weigh In On AFC Gamma
Analysts Set New Price Targets
Several brokerages have recently issued reports on AFCG. JMP Securities reaffirmed a “market perform” rating on shares of AFC Gamma in a report on Thursday, January 23rd. Jefferies Financial Group lowered AFC Gamma from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Friday. Finally, Alliance Global Partners initiated coverage on shares of AFC Gamma in a research note on Tuesday, December 17th. They set a “buy” rating and a $13.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AFC Gamma has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.
Get Our Latest Report on AFC Gamma
AFC Gamma Company Profile
AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.
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