Key Points
- Director Leonard Tannenbaum bought 12,841 AFC Gamma shares at an average price of $3.48, investing $44,686.68 and increasing his direct ownership by 0.20% to 6.58 million shares.
- AFC Gamma reported quarterly EPS of $0.23, beating estimates by $0.04, but revenue of $6.77 million fell short of the $8.59 million consensus forecast.
- The stock offers a 5.6% dividend yield, but its payout ratio is elevated at 105.26%; analysts maintain a cautious consensus “Reduce” rating, with one Hold and one Sell rating.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum purchased 12,841 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were bought at an average price of $3.48 per share, with a total value of $44,686.68. Following the purchase, the director directly owned 6,575,445 shares of the company's stock, valued at approximately $22,882,548.60. The trade was a 0.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
AFC Gamma Price Performance
Shares of AFCG opened at $3.58 on Thursday. The firm has a market capitalization of $81.16 million, a PE ratio of 18.84 and a beta of 0.91. The stock's 50 day moving average is $2.99 and its two-hundred day moving average is $2.87. AFC Gamma Inc. has a twelve month low of $2.06 and a twelve month high of $5.10. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.69.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $6.77 million during the quarter, compared to the consensus estimate of $8.59 million. AFC Gamma had a net margin of 15.64% and a return on equity of 2.85%. Research analysts anticipate that AFC Gamma Inc. will post 0.78 earnings per share for the current year.
AFC Gamma Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, June 30th. AFC Gamma's payout ratio is presently 105.26%.
Wall Street Analyst Weigh In
AFCG has been the topic of several research reports. Wall Street Zen lowered AFC Gamma from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings reissued a "sell (d)" rating on shares of AFC Gamma in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce".
Get Our Latest Analysis on AFCG
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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