Key Points
- Director Leonard Tannenbaum bought 46,000 shares at an average price of $2.94 (total $135,240), raising his stake to 5,792,098 shares—about a 0.80% increase and roughly $17.03 million in value.
- AFC Gamma missed quarterly expectations (EPS $0.16 vs. $0.19 est.) and reported negative net margin and weak revenue (−$3.18M vs. $6.55M estimate), while the stock trades around $2.98 with a market cap near $67.2M.
- The firm pays a high quarterly dividend ($0.15, ~20.2% yield annualized) despite a negative payout ratio, and analysts give mixed views—mostly Hold/Reduce with an average price target of $5.75.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum acquired 46,000 shares of the stock in a transaction on Wednesday, December 3rd. The shares were purchased at an average price of $2.94 per share, with a total value of $135,240.00. Following the completion of the transaction, the director owned 5,792,098 shares of the company's stock, valued at approximately $17,028,768.12. This represents a 0.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.
AFC Gamma Price Performance
Shares of AFCG stock traded up $0.09 during trading hours on Friday, reaching $2.98. The company's stock had a trading volume of 14,192 shares, compared to its average volume of 222,034. 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 $3.28 and its 200-day simple moving average is $4.17. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $67.22 million, a price-to-earnings ratio of -2.86 and a beta of 1.03.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). AFC Gamma had a positive return on equity of 8.45% and a negative net margin of 70.46%.The business had revenue of ($3.18) million for the quarter, compared to the consensus estimate of $6.55 million. Sell-side analysts forecast that AFC Gamma Inc. will post 1.64 earnings per share for the current year.
AFC Gamma Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 20.2%. The ex-dividend date was Tuesday, September 30th. AFC Gamma's dividend payout ratio is currently -57.69%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on AFCG. Zacks Research raised shares of AFC Gamma to a "hold" rating in a research note on Thursday, November 13th. Weiss Ratings reissued a "sell (d)" rating on shares of AFC Gamma in a report on Wednesday, October 8th. Finally, Alliance Global Partners lowered AFC Gamma from a "buy" rating to a "hold" rating and set a $4.50 price objective on the stock. in a research report on Friday, August 15th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, AFC Gamma currently has an average rating of "Reduce" and an average price target of $5.75.
Check Out Our Latest Stock Analysis on AFCG
About AFC Gamma
(
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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