Key Points
- Director Leonard Tannenbaum bought 15,000 AFC Gamma shares at $3.55 each, investing $53,250 and increasing his direct holdings by 0.22% to nearly 6.9 million shares.
- AFC Gamma recently reported quarterly EPS of $0.23, exceeding the $0.19 consensus estimate, though revenue of $6.77 million fell short of the $8.59 million estimate.
- The company declared a $0.05 quarterly dividend, equivalent to a 5.7% yield, while analyst sentiment remains cautious with an average “Reduce” rating.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum purchased 15,000 shares of the company's stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of $3.55 per share, for a total transaction of $53,250.00. Following the purchase, the director directly owned 6,899,299 shares of the company's stock, valued at approximately $24,492,511.45. The trade was a 0.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
AFC Gamma Stock Performance
AFCG opened at $3.52 on Wednesday. The company has a market cap of $79.80 million, a P/E ratio of 18.53 and a beta of 0.95. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The firm's 50-day moving average price is $3.10 and its 200-day moving average price is $3.03. AFC Gamma Inc. has a 52-week low of $2.06 and a 52-week high of $4.65.
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, 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 company had revenue of $6.77 million for the quarter, compared to the consensus estimate of $8.59 million. As a group, equities analysts anticipate that AFC Gamma Inc. will post 0.72 EPS for the current fiscal year.
AFC Gamma Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, September 30th. AFC Gamma's payout ratio is presently 105.26%.
Analyst Upgrades and Downgrades
AFCG has been the topic of several research reports. Weiss Ratings raised AFC Gamma from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 20th. Wall Street Zen cut AFC Gamma from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".
Check Out Our Latest Research Report on AFC Gamma
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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