AFC Gamma (NASDAQ:AFCG) Director Leonard Tannenbaum Buys 15,223 Shares of Stock

Key Points

• Director Leonard Tannenbaum purchased 15,223 AFC Gamma shares at an average price of $3.59, investing approximately $54,651 and increasing his stake by 0.22% to 6.85 million shares.
• AFC Gamma reported quarterly EPS of $0.23, beating estimates of $0.19, although revenue of $6.77 million fell short of the $8.59 million consensus forecast.
• The stock recently traded at $3.57 and offers a quarterly dividend of $0.05, or a 5.6% annualized yield. Analysts maintain a cautious outlook, with a consensus rating of “Reduce.”

AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum bought 15,223 shares of AFC Gamma stock in a transaction on Wednesday, September 2nd. The shares were bought at an average price of $3.59 per share, for a total transaction of $54,650.57. Following the acquisition, the director owned 6,849,299 shares of the company's stock, valued at approximately $24,588,983.41. The trade was a 0.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

AFC Gamma Trading Down 1.4%

Shares of AFC Gamma stock traded down $0.05 during trading on Friday, hitting $3.57. 39,388 shares of the company were exchanged, compared to its average volume of 230,409. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $80.93 million, a P/E ratio of 18.79 and a beta of 0.95. The firm's fifty day moving average price is $3.04 and its 200 day moving average price is $2.96. AFC Gamma Inc. has a 1-year low of $2.06 and a 1-year high of $4.93.

AFC Gamma (NASDAQ:AFCG - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. AFC Gamma had a net margin of 15.64% and a return on equity of 2.85%. The business had revenue of $6.77 million for the quarter, compared to analyst estimates of $8.59 million. As a group, sell-side analysts expect that AFC Gamma Inc. will post 0.72 earnings per share for the current fiscal year.

AFC Gamma Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.05 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.6%. AFC Gamma's dividend payout ratio is currently 105.26%.

Analyst Ratings Changes

Several research firms have weighed in on AFCG. Weiss Ratings upgraded AFC Gamma from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 20th. Wall Street Zen downgraded AFC Gamma from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce".

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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