Key Points
- Director Leonard Tannenbaum bought 25,000 AFC Gamma shares at an average price of $3.28, investing $82,000 and increasing his direct holdings to 6.62 million shares.
- AFC Gamma recently reported quarterly EPS of $0.23, beating estimates of $0.19, though revenue of $6.77 million fell short of the $8.59 million consensus forecast.
- The company pays a quarterly dividend of $0.05 per share, equivalent to a 5.8% annualized yield, while analysts maintain a generally negative view with an average “Reduce” rating.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum acquired 25,000 shares of the stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of $3.28 per share, for a total transaction of $82,000.00. Following the completion of the transaction, the director directly owned 6,620,445 shares in the company, valued at $21,715,059.60. The trade was a 0.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
AFC Gamma Price Performance
Shares of NASDAQ:AFCG opened at $3.45 on Tuesday. The company has a 50-day simple moving average of $2.99 and a 200-day simple moving average of $2.89. AFC Gamma Inc. has a one year low of $2.06 and a one year high of $5.10. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $78.21 million, a price-to-earnings ratio of 18.16 and a beta of 0.91.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. AFC Gamma had a net margin of 15.64% and a return on equity of 2.85%. The business had revenue of $6.77 million during the quarter, compared to the consensus estimate of $8.59 million. On average, analysts predict that AFC Gamma Inc. will post 0.78 EPS for the current year.
AFC Gamma Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 5.8%. AFC Gamma's dividend payout ratio is currently 105.26%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on AFCG shares. Wall Street Zen downgraded AFC Gamma from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings upgraded AFC Gamma from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce".
Read Our Latest Stock Analysis on AFCG
AFC Gamma Company Profile
(
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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