Insider Buying: AFC Gamma (NASDAQ:AFCG) Director Acquires 44,914 Shares of Stock

Key Points

• Director Leonard Tannenbaum bought 44,914 shares on March 24 at an average price of $2.59 (total ~$116,327), increasing his stake by 0.71% to 6,373,106 shares (≈$16.5M); the purchase was reported on an SEC Form 4.
• AFC Gamma reported quarterly EPS of ($0.12) vs. analysts' $0.06 estimate while revenue of $8.71M beat expectations, but the company has a negative net margin of 70.17% and a MarketBeat consensus rating of Sell with an average target of $4.50.
• The company declared a quarterly dividend of $0.05 (annualized $0.20) for a 7.6% yield, with an ex-dividend date of March 31 and payment on April 15; shares trade around $2.62 with a market cap of about $61.7M and a 52‑week range of $2.06–$6.42.

AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum bought 44,914 shares of the stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of $2.59 per share, with a total value of $116,327.26. Following the completion of the acquisition, the director directly owned 6,373,106 shares of the company's stock, valued at approximately $16,506,344.54. The trade was a 0.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AFC Gamma Stock Performance

Shares of AFCG opened at $2.62 on Wednesday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.12. The stock has a market cap of $61.65 million, a P/E ratio of -2.76 and a beta of 1.02. The business's 50 day moving average price is $2.41 and its 200-day moving average price is $3.02. AFC Gamma Inc. has a 52 week low of $2.06 and a 52 week high of $6.42.

AFC Gamma (NASDAQ:AFCG - Get Free Report) last posted 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). The company had revenue of $8.71 million for the quarter, compared to the consensus estimate of $5.36 million. AFC Gamma had a negative net margin of 70.17% and a positive return on equity of 0.99%. Equities research analysts anticipate that AFC Gamma Inc. will post 1.64 earnings per share for the current fiscal year.

AFC Gamma Announces Dividend

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

Analyst Upgrades and Downgrades

AFCG has been the topic of a number of analyst reports. Zacks Research cut shares of AFC Gamma from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. Weiss Ratings restated a "sell (d)" rating on shares of AFC Gamma in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Sell" and an average target price of $4.50.

About AFC Gamma

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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