Key Points
- Director Leonard Tannenbaum bought 40,081 AFC Gamma shares at an average price of $3.59, investing approximately $143,891 and increasing his direct stake to 7.06 million shares.
- AFC Gamma’s quarterly EPS of $0.23 exceeded analyst expectations of $0.19, while the company declared a $0.05 quarterly dividend, equivalent to a roughly 5.6% annualized yield.
- Despite the earnings beat, revenue came in below estimates ($6.77 million versus $8.59 million), and the dividend payout ratio exceeded 100%; analysts maintain a cautious “Reduce” consensus rating.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum acquired 10,673 shares of AFC Gamma stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of $3.57 per share, with a total value of $38,102.61. Following the completion of the purchase, the director owned 7,024,890 shares in the company, valued at approximately $25,078,857.30. This represents a 0.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
AFC Gamma Stock Down 0.6%
Shares of AFC Gamma stock opened at $3.60 on Thursday. AFC Gamma Inc. has a 12-month low of $2.06 and a 12-month high of $4.01. The firm has a market capitalization of $81.61 million, a PE ratio of 18.95 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 stock's fifty day moving average is $3.25 and its 200-day moving average is $3.11.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share 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 analyst estimates of $8.59 million. AFC Gamma had a return on equity of 2.85% and a net margin of 15.64%. Equities analysts anticipate that AFC Gamma Inc. will post 0.72 earnings per share for the current year.
AFC Gamma Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 5.6%. AFC Gamma's dividend payout ratio is currently 105.26%.
Analyst Ratings Changes
AFCG has been the topic of several analyst reports. Weiss Ratings raised shares of AFC Gamma from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of AFC Gamma from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce".
Get Our Latest Report on AFCG
Trending Headlines about AFC Gamma
Here are the key news stories impacting AFC Gamma this week:
- Positive Sentiment: Director Leonard Tannenbaum purchased 44,643 shares on September 30 for approximately $162,054, following purchases of 40,081 shares on September 29 and 10,673 shares on September 28. Including two additional reported purchases, his recent buying totals at least 120,625 shares, increasing his direct ownership to more than 7.1 million shares. The transactions may bolster investor confidence because they indicate continued insider conviction. SEC insider purchase filing
- Positive Sentiment: AFC Gamma’s latest quarterly EPS of $0.23 exceeded the $0.19 analyst consensus by $0.04. The stock also offers a recently declared quarterly dividend of $0.05, or $0.20 annualized, representing an indicated yield of approximately 5.6% at the reported share price. AFC Gamma insider buying and dividend report
- Neutral Sentiment: AFCG has recently traded above both its 50-day and 200-day moving averages, suggesting improving technical momentum, although the stock remains well below its 52-week high. Its quick and current ratios are both 1.34, while debt-to-equity is 0.69.
- Negative Sentiment: Quarterly revenue of $6.77 million fell short of the $8.59 million consensus estimate, despite the EPS beat. The company’s approximately 105% dividend payout ratio also raises questions about the sustainability of the distribution if earnings weaken.
- Negative Sentiment: Analyst sentiment remains cautious: the reported consensus rating is “Reduce,” with one Hold and one Sell rating. One research service recently downgraded AFC Gamma from Buy to Hold, limiting the potential upside from the insider buying. AFC Gamma stock information
AFC Gamma Company Profile
(
Get Free Report)
AFC Gamma, Inc (NASDAQ: AFCG) is a commercial real estate finance company that provided institutional capital to businesses operating in state-regulated cannabis markets. The company primarily focused on lending to licensed cannabis operators and related businesses, an area historically underserved by traditional banks because cannabis remains illegal under U.S. federal law.
Its financing activities included secured loans backed by commercial real estate and other borrower assets. AFC Gamma offered capital for purposes such as facility acquisition, construction, expansion, refinancing and working capital.
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