Key Points
- Insider purchase: AFC Gamma director Leonard Tannenbaum bought 25,000 shares at an average price of $3.05 on Dec. 11 for $76,250, increasing his stake to 5,861,098 shares (a 0.43% rise) valued at roughly $17.9M.
- Recent stock and fundamentals: AFCG opened at $3.29 and was trading down about 6.5%; the firm has a market cap of ~$74.3M, a 52‑week range of $2.52–$9.60 and a negative P/E reflecting losses.
- Earnings miss and analyst stance: The company missed quarterly estimates (EPS $0.16 vs. $0.19; revenue -$3.18M vs. $6.55M), posts a negative net margin of 70.46%, and carries an average analyst rating of "Reduce" with a $5.75 consensus price target.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum acquired 25,000 shares of the business's stock in a transaction on Thursday, December 11th. The stock was purchased at an average cost of $3.05 per share, with a total value of $76,250.00. Following the acquisition, the director directly owned 5,861,098 shares of the company's stock, valued at $17,876,348.90. This represents a 0.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
AFC Gamma Trading Down 6.5%
AFCG stock opened at $3.29 on Tuesday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.13. AFC Gamma Inc. has a 52-week low of $2.52 and a 52-week high of $9.60. The company's 50-day simple moving average is $3.17 and its 200-day simple moving average is $4.06. The firm has a market cap of $74.32 million, a P/E ratio of -3.16 and a beta of 1.03.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The business had revenue of ($3.18) million for the quarter, compared to analysts' expectations of $6.55 million. AFC Gamma had a positive return on equity of 8.45% and a negative net margin of 70.46%. As a group, equities analysts forecast that AFC Gamma Inc. will post 1.64 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of AFC Gamma in a report on Wednesday, October 8th. Zacks Research raised shares of AFC Gamma to a "hold" rating in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, AFC Gamma has an average rating of "Reduce" and a consensus price target of $5.75.
View 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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