Key Points
- Director Leonard Tannenbaum bought 102,213 shares at an average of $2.54, raising his stake to 5,993,581 shares (a 1.73% increase) worth roughly $15.22 million.
- AFC Gamma declared a quarterly dividend of $0.05 per share (annualized $0.20) with a yield of about 7.5%, payable April 15 and ex-dividend March 31.
- The company reported Q4 EPS of -$0.12, missing estimates despite a revenue beat, and analysts have a consensus "Reduce" rating with an average target price of $5.75.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum purchased 102,213 shares of the stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of $2.54 per share, for a total transaction of $259,621.02. Following the completion of the acquisition, the director directly owned 5,993,581 shares in the company, valued at approximately $15,223,695.74. This represents a 1.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
AFC Gamma Stock Up 1.1%
Shares of AFC Gamma stock traded up $0.03 on Thursday, reaching $2.66. The stock had a trading volume of 11,709 shares, compared to its average volume of 355,276. 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 capitalization of $62.59 million, a P/E ratio of -2.80 and a beta of 1.02. The company has a 50 day moving average price of $2.45 and a 200 day moving average price of $3.16. AFC Gamma Inc. has a 1 year low of $2.06 and a 1 year high of $8.39.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). The firm had revenue of $8.71 million for the quarter, compared to analysts' expectations of $5.36 million. AFC Gamma had a negative net margin of 70.17% and a positive return on equity of 0.99%. As a group, equities research analysts forecast that AFC Gamma Inc. will post 1.64 EPS for the current year.
AFC Gamma Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.5%. AFC Gamma's dividend payout ratio is presently -21.05%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on AFCG. Weiss Ratings reissued a "sell (d)" rating on shares of AFC Gamma in a research report on Wednesday, January 21st. Zacks Research cut AFC Gamma from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $5.75.
View Our Latest Analysis on AFC Gamma
About AFC Gamma
(
Get Free Report)
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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