Leonard Tannenbaum Buys 25,000 Shares of AFC Gamma (NASDAQ:AFCG) Stock

AFC Gamma Inc. (NASDAQ:AFCG) Director Leonard Tannenbaum purchased 25,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were bought at an average price of $3.05 per share, for a total transaction of $76,250.00. Following the completion of the transaction, the director directly owned 5,861,098 shares in the company, valued at $17,876,348.90. This represents a 0.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AFC Gamma Trading Down 2.7%

AFC Gamma stock opened at $3.20 on Wednesday. AFC Gamma Inc. has a 12-month low of $2.52 and a 12-month high of $9.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.04 and a quick ratio of 3.04. The stock has a market capitalization of $72.30 million, a PE ratio of -3.08 and a beta of 1.03. The firm has a 50 day simple moving average of $3.16 and a 200-day simple moving average of $4.05.

AFC Gamma (NASDAQ:AFCG) last announced its earnings results on Wednesday, November 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of ($3.18) million for the quarter, compared to the consensus estimate of $6.55 million. AFC Gamma had a positive return on equity of 8.45% and a negative net margin of 70.46%. As a group, equities research analysts expect that AFC Gamma Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AFCG shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AFC Gamma in a research note on Wednesday, October 8th. Zacks Research raised shares of AFC Gamma to a “hold” rating in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $5.75.

About AFC Gamma

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.