Key Points
- Director Leonard Tannenbaum bought 90,600 shares of AFC Gamma at an average price of $2.84 per share, a transaction worth about $257,304. After the purchase, he owned 6.52 million shares, increasing his stake by 1.41%.
- AFC Gamma’s latest earnings were mixed: the company posted an EPS loss of $0.12 versus a $0.06 profit estimate, but revenue came in above expectations at $9.07 million. Analysts currently expect full-year EPS of 0.49.
- The stock pays a quarterly dividend of $0.05 per share, or $0.20 annualized, which works out to a 5.9% yield. Wall Street sentiment remains cautious, with a consensus rating of “Reduce” and a target price of $4.50.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum acquired 90,600 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $2.84 per share, with a total value of $257,304.00. Following the completion of the acquisition, the director owned 6,516,775 shares of the company's stock, valued at $18,507,641. This represents a 1.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
AFC Gamma Price Performance
Shares of NASDAQ:AFCG opened at $3.39 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.68. AFC Gamma Inc. has a 1 year low of $2.06 and a 1 year high of $5.78. The business has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $2.75. The firm has a market cap of $79.77 million, a price-to-earnings ratio of -5.30 and a beta of 0.77.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.18). AFC Gamma had a positive return on equity of 1.48% and a negative net margin of 43.21%.The firm had revenue of $9.07 million for the quarter, compared to analysts' expectations of $5.36 million. As a group, sell-side analysts predict that AFC Gamma Inc. will post 0.49 earnings per share for the current fiscal year.
AFC Gamma Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.9%. The ex-dividend date was Tuesday, March 31st. AFC Gamma's dividend payout ratio (DPR) is -31.25%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on AFCG. Zacks Research upgraded AFC Gamma from a "strong sell" rating to a "hold" rating in a report on Monday, April 20th. Weiss Ratings restated a "sell (d)" rating on shares of AFC Gamma in a report on Monday, April 20th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $4.50.
Check Out Our Latest Stock Report 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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