Insider Buying: AFC Gamma (NASDAQ:AFCG) Insider Buys 7,000 Shares of Stock

Key Points

• Insider purchase: Robyn Tannenbaum bought 7,000 shares at $2.80 on March 31 for $19,600, increasing her holdings to 225,907 shares (a 3.2% rise).
• Dividend announced: AFC Gamma declared a $0.05 quarterly dividend (ex-dividend March 31, payable April 15), implying a $0.20 annual payout and roughly a 7.3% yield.
• Mixed fundamentals and weak analyst sentiment: The stock traded around $2.73 after an EPS miss (‑$0.12 vs $0.06 est.) despite revenue beating estimates, and analysts hold a consensus "Sell" with an average target of $4.50.

AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) insider Robyn Tannenbaum acquired 7,000 shares of the business's stock in a transaction on Tuesday, March 31st. The shares were bought at an average cost of $2.80 per share, for a total transaction of $19,600.00. Following the acquisition, the insider owned 225,907 shares of the company's stock, valued at $632,539.60. This represents a 3.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

AFC Gamma Stock Down 1.6%

Shares of AFC Gamma stock traded down $0.04 during trading hours on Thursday, hitting $2.73. The company had a trading volume of 32,249 shares, compared to its average volume of 339,053. The company's 50-day moving average is $2.44 and its two-hundred day moving average is $2.95. AFC Gamma Inc. has a twelve month low of $2.06 and a twelve month high of $5.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.45 and a quick ratio of 3.45. The company has a market cap of $64.14 million, a P/E ratio of -2.89 and a beta of 0.84.

AFC Gamma (NASDAQ:AFCG - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.18). AFC Gamma had a positive return on equity of 0.99% and a negative net margin of 70.17%.The company had revenue of $9.07 million for the quarter, compared to analyst estimates of $5.36 million. Analysts anticipate that AFC Gamma Inc. will post 1.64 earnings per share for the current fiscal year.

AFC Gamma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 7.3%. AFC Gamma's dividend payout ratio (DPR) is presently -21.05%.

Analyst Ratings Changes

Several analysts have recently weighed in on AFCG shares. Weiss Ratings reissued a "sell (d)" rating on shares of AFC Gamma in a report on Wednesday, January 21st. Zacks Research downgraded AFC Gamma from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Sell" and an average target price of $4.50.

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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