Key Points
- Director Leonard Tannenbaum bought 35,000 AFC Gamma shares at an average price of $3.46, investing $121,100 and increasing his stake by 0.51% to 6.88 million shares.
- AFC Gamma’s latest quarterly earnings beat expectations, 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, or $0.20 annually, yielding about 5.6%; analysts maintain a cautious outlook, with an average rating of “Reduce.”
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum purchased 35,000 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $3.46 per share, for a total transaction of $121,100.00. Following the completion of the transaction, the director owned 6,884,299 shares in the company, valued at approximately $23,819,674.54. This represents a 0.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
AFC Gamma Stock Performance
Shares of AFCG opened at $3.55 on Friday. The business's fifty day moving average price is $3.08 and its 200 day moving average price is $3.01. AFC Gamma Inc. has a 12-month low of $2.06 and a 12-month high of $4.70. The stock has a market capitalization of $80.49 million, a PE ratio of 18.68 and a beta of 0.95. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 1.34.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $6.77 million during 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%. Equities research analysts forecast that AFC Gamma Inc. will post 0.72 EPS for the current year.
AFC Gamma Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 5.6%. AFC Gamma's payout ratio is 105.26%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of AFC Gamma from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 20th. Wall Street Zen downgraded AFC Gamma from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce".
Read Our Latest 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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