AFC Gamma Inc. (NASDAQ:AFCG – Get Free Report) Director Leonard Tannenbaum acquired 90,600 shares of AFC Gamma stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $2.84 per share, with a total value of $257,304.00. Following the completion of the purchase, the director owned 6,516,775 shares in the company, valued at approximately $18,507,641. This represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
AFC Gamma Stock Performance
AFCG opened at $3.39 on Wednesday. The firm has a market cap of $79.77 million, a PE ratio of -5.30 and a beta of 0.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $2.75. AFC Gamma Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $5.78.
AFC Gamma (NASDAQ:AFCG – Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.18). The company had revenue of $9.07 million for the quarter, compared to the consensus estimate of $5.36 million. AFC Gamma had a positive return on equity of 1.48% and a negative net margin of 43.21%. As a group, equities analysts predict that AFC Gamma Inc. will post 0.49 EPS for the current fiscal year.
AFC Gamma Dividend Announcement
Analyst Ratings Changes
Several analysts have recently commented on AFCG shares. Zacks Research raised AFC Gamma from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AFC Gamma in a research report on Monday, April 20th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $4.50.
Read Our Latest Research Report on AFCG
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.
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