Key Points
- Director Leonard Tannenbaum purchased 15,223 AFC Gamma shares at an average price of $3.59, investing approximately $54,651 and increasing his direct stake by 0.22% to 6.85 million shares.
- AFC Gamma’s latest quarterly results beat expectations on earnings, with EPS of $0.23 versus the $0.19 consensus, though revenue of $6.77 million fell short of the $8.59 million estimate.
- The company pays a quarterly dividend of $0.05, equivalent to a 5.6% annualized yield, while analyst sentiment remains cautious with an overall “Reduce” rating.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum bought 15,223 shares of AFC Gamma stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average price of $3.59 per share, for a total transaction of $54,650.57. Following the purchase, the director directly owned 6,849,299 shares in the company, valued at $24,588,983.41. This represents a 0.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
AFC Gamma Trading Down 1.4%
Shares of AFCG stock opened at $3.57 on Friday. AFC Gamma Inc. has a 12-month low of $2.06 and a 12-month high of $4.93. The company has a market capitalization of $80.93 million, a P/E ratio of 18.79 and a beta of 0.95. The firm has a 50-day moving average price of $3.05 and a 200 day moving average price of $2.97. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $6.77 million for the quarter, compared to analyst estimates of $8.59 million. AFC Gamma had a net margin of 15.64% and a return on equity of 2.85%. Research analysts forecast that AFC Gamma Inc. will post 0.72 earnings per share for the current fiscal year.
AFC Gamma Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.05 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.6%. AFC Gamma's payout ratio is 105.26%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Wall Street Zen lowered AFC Gamma from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings upgraded AFC Gamma from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, AFC Gamma currently has an average rating of "Reduce".
Read Our Latest Research Report 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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