Leonard Tannenbaum Purchases 65,752 Shares of AFC Gamma (NASDAQ:AFCG) Stock

AFC Gamma Inc. (NASDAQ:AFCGGet Free Report) Director Leonard Tannenbaum bought 65,752 shares of the business’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of $3.53 per share, with a total value of $232,104.56. Following the transaction, the director directly owned 6,780,803 shares of the company’s stock, valued at approximately $23,936,234.59. This trade represents a 0.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AFC Gamma Stock Performance

NASDAQ AFCG opened at $3.57 on Thursday. The company’s 50 day moving average is $3.03 and its 200-day moving average is $2.95. AFC Gamma Inc. has a 12-month low of $2.06 and a 12-month high of $4.93. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The firm has a market cap of $80.93 million, a P/E ratio of 18.79 and a beta of 0.95.

AFC Gamma (NASDAQ:AFCGGet Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations 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 business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, June 30th. AFC Gamma’s dividend payout ratio (DPR) is presently 105.26%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen cut AFC Gamma from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised AFC Gamma from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

View Our Latest Stock Report on AFC Gamma

AFC Gamma Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for AFC Gamma (NASDAQ:AFCG)

Receive News & Ratings for AFC Gamma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AFC Gamma and related companies with MarketBeat.com's FREE daily email newsletter.