Insider Buying: AFC Gamma (NASDAQ:AFCG) Director Acquires 102,213 Shares of Stock

Key Points

• Director Leonard Tannenbaum bought 102,213 shares on March 9 at an average price of $2.54 (total ~$259,621), raising his direct stake to 5,993,581 shares — a 1.73% increase valued at about $15.22 million.
• AFC Gamma reported quarterly EPS of ($0.12), missing the $0.06 consensus while posting revenue of $8.71 million (above estimates); the company shows a negative net margin (70.17%) and a negative P/E.
• The firm declared a quarterly dividend of $0.05 (annualized $0.20) implying a 7.6% yield with an ex-dividend date of March 31, while analysts hold a consensus "Reduce" rating and a $5.75 price target.

AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum acquired 102,213 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $2.54 per share, with a total value of $259,621.02. Following the purchase, the director directly owned 5,993,581 shares in the company, valued at approximately $15,223,695.74. This trade represents a 1.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AFC Gamma Stock Down 0.4%

Shares of AFCG stock traded down $0.01 during trading hours on Wednesday, reaching $2.63. 153,591 shares of the stock were exchanged, compared to its average volume of 233,466. The business's fifty day moving average is $2.45 and its two-hundred day moving average is $3.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.45 and a quick ratio of 3.45. AFC Gamma Inc. has a 12-month low of $2.06 and a 12-month high of $8.55. The firm has a market capitalization of $61.88 million, a P/E ratio of -2.77 and a beta of 1.02.

AFC Gamma (NASDAQ:AFCG - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). AFC Gamma had a negative net margin of 70.17% and a positive return on equity of 0.99%. The firm had revenue of $8.71 million during the quarter, compared to analyst estimates of $5.36 million. As a group, research analysts expect that AFC Gamma Inc. will post 1.64 EPS for the current fiscal year.

AFC Gamma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.6%. The ex-dividend date is Tuesday, March 31st. AFC Gamma's dividend payout ratio is currently -55.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AFCG shares. Weiss Ratings restated a "sell (d)" rating on shares of AFC Gamma in a report on Wednesday, January 21st. Zacks Research cut shares of AFC Gamma from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, AFC Gamma has a consensus rating of "Reduce" and a consensus price target of $5.75.

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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