Key Points
- Insider purchase: Robyn Tannenbaum bought 7,000 shares at $2.80 on March 31 for $19,600, increasing her direct stake to 225,907 shares (a 3.2% rise), as disclosed in an SEC filing.
- Dividend declared: AFC Gamma announced a $0.05 quarterly dividend (annualized $0.20) payable April 15 with record/ex-dividend dates on March 31, implying about a 7.1% yield.
- Weak fundamentals & analyst outlook: The company posted a QEPS loss of $0.12 (missing estimates) with a negative net margin, and MarketBeat shows a consensus Sell rating and $4.50 price target.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) insider Robyn Tannenbaum bought 7,000 shares of AFC Gamma stock in a transaction on Tuesday, March 31st. The shares were purchased at an average price of $2.80 per share, for a total transaction of $19,600.00. Following the acquisition, the insider directly owned 225,907 shares in the company, valued at approximately $632,539.60. This trade represents a 3.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
AFC Gamma Trading Up 1.4%
AFCG opened at $2.81 on Friday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.12. AFC Gamma Inc. has a 52 week low of $2.06 and a 52 week high of $5.87. The stock has a market cap of $66.12 million, a PE ratio of -2.96 and a beta of 0.84. The business has a 50 day moving average of $2.45 and a 200-day moving average of $2.95.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). The firm had revenue of $9.07 million during the quarter, compared to the consensus estimate of $5.36 million. AFC Gamma had a positive return on equity of 0.99% and a negative net margin of 70.17%. Equities research analysts predict that AFC Gamma Inc. will post 1.64 earnings per share for the current fiscal year.
AFC Gamma Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Tuesday, March 31st. AFC Gamma's dividend payout ratio (DPR) is presently -21.05%.
Analysts Set New Price Targets
Several equities research analysts recently commented on AFCG shares. Weiss Ratings reissued a "sell (d)" rating on shares of AFC Gamma in a research note on Wednesday, January 21st. Zacks Research downgraded shares of 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Sell" and a consensus price target of $4.50.
Get 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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