AFC Gamma (NASDAQ:AFCG) Stock Rating Lowered by Wall Street Zen

AFC Gamma (NASDAQ:AFCG – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

AFCG has been the subject of a number of other reports. Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a research report on Friday, July 17th. Zacks Research upgraded shares of AFC Gamma from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AFC Gamma presently has a consensus rating of “Reduce” and an average target price of $4.50.

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AFC Gamma Stock Performance

NASDAQ AFCG opened at $2.69 on Friday. The company has a market cap of $63.30 million, a P/E ratio of -4.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.41 and a current ratio of 1.41. The business’s 50 day moving average price is $3.15 and its 200-day moving average price is $2.82. AFC Gamma has a fifty-two week low of $2.06 and a fifty-two week high of $5.10.

Insider Activity

In other AFC Gamma news, Director Leonard M. Tannenbaum bought 90,600 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price 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 $18,507,641. This represents a 1.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 30.70% of the stock is owned by company insiders.

AFC Gamma Company Profile

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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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