AFC Gamma, Inc. (NASDAQ:AFCG - Get Free Report) CEO Daniel Neville bought 16,250 shares of AFC Gamma stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $6.32 per share, with a total value of $102,700.00. Following the transaction, the chief executive officer now owns 177,261 shares of the company's stock, valued at $1,120,289.52. This trade represents a 10.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Daniel Neville also recently made the following trade(s):
- On Friday, March 14th, Daniel Neville acquired 30,349 shares of AFC Gamma stock. The stock was purchased at an average cost of $6.52 per share, with a total value of $197,875.48.
AFC Gamma Trading Up 0.4 %
AFC Gamma stock traded up $0.03 during trading hours on Friday, reaching $6.38. The company had a trading volume of 118,612 shares, compared to its average volume of 171,969. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.92 and a quick ratio of 3.92. The company has a 50-day moving average price of $8.18 and a 200 day moving average price of $9.17. The firm has a market cap of $144.05 million, a price-to-earnings ratio of 15.91 and a beta of 1.03. AFC Gamma, Inc. has a 12-month low of $6.08 and a 12-month high of $13.28.
AFC Gamma Dividend Announcement
The company also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, March 31st. AFC Gamma's dividend payout ratio is presently 115.00%.
Institutional Investors Weigh In On AFC Gamma
Several hedge funds have recently made changes to their positions in the company. Martingale Asset Management L P boosted its holdings in AFC Gamma by 24.1% in the fourth quarter. Martingale Asset Management L P now owns 20,623 shares of the company's stock worth $172,000 after acquiring an additional 4,005 shares in the last quarter. Tidal Investments LLC increased its position in AFC Gamma by 19.7% in the third quarter. Tidal Investments LLC now owns 519,610 shares of the company's stock worth $5,305,000 after buying an additional 85,655 shares in the last quarter. Barclays PLC increased its position in AFC Gamma by 257.0% in the third quarter. Barclays PLC now owns 22,567 shares of the company's stock worth $231,000 after buying an additional 16,245 shares in the last quarter. McIlrath & Eck LLC bought a new position in AFC Gamma in the 3rd quarter worth $52,000. Finally, Geode Capital Management LLC grew its position in shares of AFC Gamma by 57.8% during the third quarter. Geode Capital Management LLC now owns 24,225 shares of the company's stock worth $248,000 after purchasing an additional 8,877 shares in the last quarter. 26.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on AFCG shares. Jefferies Financial Group cut AFC Gamma from a "buy" rating to a "hold" rating and cut their price target for the stock from $10.00 to $7.00 in a report on Friday, March 14th. Alliance Global Partners started coverage on AFC Gamma in a research report on Tuesday, December 17th. They issued a "buy" rating and a $13.00 price target for the company. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AFC Gamma in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AFC Gamma presently has a consensus rating of "Moderate Buy" and an average target price of $9.67.
Check Out Our Latest Analysis on AFC Gamma
AFC Gamma Company Profile
(
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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.
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