Daniel Neville Acquires 12,388 Shares of AFC Gamma (NASDAQ:AFCG) Stock

Key Points

• AFC Gamma CEO Daniel Neville purchased 12,388 shares of the company's stock at an average price of $4.44 per share, totaling $55,002.72, increasing his stake by 6.28% to approximately $930,841.56.
• The company's stock experienced a slight decline of 0.7%, trading at $4.55, with a market cap of $102.81 million and a PE ratio of -11.10.
• Alliance Global Partners downgraded AFC Gamma shares from "buy" to "hold," setting a new price target of $4.50, indicating a cautious outlook on the stock.

AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) CEO Daniel Neville purchased 12,388 shares of AFC Gamma stock in a transaction on Monday, September 8th. The stock was bought at an average price of $4.44 per share, for a total transaction of $55,002.72. Following the transaction, the chief executive officer directly owned 209,649 shares in the company, valued at approximately $930,841.56. The trade was a 6.28% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Daniel Neville also recently made the following trade(s):

• On Monday, August 25th, Daniel Neville purchased 10,000 shares of AFC Gamma stock. The stock was bought at an average price of $4.04 per share, for a total transaction of $40,400.00.

AFC Gamma Trading Up 1.5%

Shares of NASDAQ AFCG traded up $0.07 during trading on Friday, reaching $4.63. The company had a trading volume of 161,156 shares, compared to its average volume of 360,427. The company's fifty day moving average price is $4.48 and its 200-day moving average price is $5.22. AFC Gamma Inc. has a 12 month low of $3.44 and a 12 month high of $10.88. The stock has a market cap of $104.59 million, a P/E ratio of -11.29 and a beta of 1.07. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners downgraded AFC Gamma from a "buy" rating to a "hold" rating and set a $4.50 price target on the stock. in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.75.

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.