AFC Gamma Inc. (NASDAQ:AFCG – Get Free Report) Director Leonard Tannenbaum bought 15,000 shares of the stock in a transaction dated Friday, September 11th. The stock was purchased at an average price of $3.55 per share, with a total value of $53,250.00. Following the purchase, the director owned 6,899,299 shares in the company, valued at $24,492,511.45. This trade represents a 0.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
AFC Gamma Stock Up 0.6%
Shares of NASDAQ AFCG traded up $0.02 during mid-day trading on Tuesday, hitting $3.52. 29,400 shares of the stock traded hands, compared to its average volume of 225,227. The company has a market cap of $79.81 million, a price-to-earnings ratio of 18.53 and a beta of 0.95. The stock has a fifty day moving average price of $3.09 and a 200-day moving average price of $3.03. AFC Gamma Inc. has a 52 week low of $2.06 and a 52 week high of $4.65. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $6.77 million during the quarter, compared to the consensus estimate of $8.59 million. AFC Gamma had a return on equity of 2.85% and a net margin of 15.64%. Research analysts anticipate that AFC Gamma Inc. will post 0.72 EPS for the current year.
AFC Gamma Announces Dividend
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of AFC Gamma from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded AFC Gamma from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on AFCG
AFC Gamma Company Profile
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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