Key Points
- Director Leonard Tannenbaum bought 39,000 shares on Dec. 2 at $2.87 each (total $111,930), raising his direct stake to 5,746,098 shares (a 0.68% increase), as disclosed in an SEC filing.
- AFC Gamma missed Q3 expectations with EPS of $0.16 vs. $0.19 expected, posted a negative net margin (-70.46%) and reported -$3.18M in revenue, while the stock trades near its 52‑week low and the company has a market cap of about $66.9M.
- The company pays a substantial dividend (quarterly $0.15, annualized yield 20.3%) despite a negative payout ratio, and analysts hold a consensus "Reduce" rating with an average price target of $5.75.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum acquired 15,000 shares of the firm's stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $2.88 per share, with a total value of $43,200.00. Following the completion of the transaction, the director owned 5,707,098 shares of the company's stock, valued at $16,436,442.24. This trade represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
AFC Gamma Price Performance
Shares of NASDAQ AFCG opened at $2.99 on Thursday. The stock has a market cap of $67.54 million, a price-to-earnings ratio of -2.88 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.04 and a current ratio of 3.04. AFC Gamma Inc. has a fifty-two week low of $2.52 and a fifty-two week high of $9.71. The firm's 50-day simple moving average is $3.31 and its 200 day simple moving average is $4.17.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last posted its earnings results on Wednesday, November 12th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). AFC Gamma had a negative net margin of 70.46% and a positive return on equity of 8.45%. The company had revenue of ($3.18) million during the quarter, compared to the consensus estimate of $6.55 million. As a group, research analysts anticipate that AFC Gamma Inc. will post 1.64 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, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 20.1%. The ex-dividend date of this dividend was Tuesday, September 30th. AFC Gamma's dividend payout ratio is presently -57.69%.
Analyst Ratings Changes
AFCG has been the topic of a number of research analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of AFC Gamma in a research note on Wednesday, October 8th. Alliance Global Partners downgraded AFC Gamma from a "buy" rating to a "hold" rating and set a $4.50 price objective for the company. in a research note on Friday, August 15th. Finally, Zacks Research raised AFC Gamma to a "hold" rating in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, AFC Gamma presently has an average rating of "Reduce" and an average price target of $5.75.
Read Our Latest Stock Analysis on AFCG
AFC Gamma Company Profile
(
Get Free Report)
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.
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