AFC Gamma, Inc. (NASDAQ:AFCG) Insider Robyn Tannenbaum Buys 4,000 Shares

AFC Gamma, Inc. (NASDAQ:AFCG - Get Free Report) insider Robyn Tannenbaum acquired 4,000 shares of the stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $6.25 per share, for a total transaction of $25,000.00. Following the transaction, the insider now owns 117,667 shares of the company's stock, valued at approximately $735,418.75. This trade represents a 3.52 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Robyn Tannenbaum also recently made the following trade(s):

• On Monday, March 17th, Robyn Tannenbaum acquired 4,000 shares of AFC Gamma stock. The shares were purchased at an average cost of $6.17 per share, with a total value of $24,680.00.

AFC Gamma Price Performance

AFCG traded up $0.03 during trading on Friday, reaching $6.38. 118,612 shares of the company were exchanged, compared to its average volume of 171,969. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.29. The company 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. The company's 50-day moving average is $8.18 and its two-hundred day moving average is $9.17.

AFC Gamma Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, March 31st. AFC Gamma's payout ratio is 115.00%.

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Analyst Ratings Changes

A number of brokerages have recently commented on AFCG. Alliance Global Partners started coverage on AFC Gamma in a research report on Tuesday, December 17th. They set a "buy" rating and a $13.00 price target on the stock. JMP Securities reaffirmed a "market perform" rating on shares of AFC Gamma in a report on Thursday, January 23rd. Finally, Jefferies Financial Group downgraded shares of AFC Gamma from a "buy" rating to a "hold" rating and reduced their target price for the stock from $10.00 to $7.00 in a research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AFC Gamma currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.67.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new position in AFC Gamma during the third quarter valued at approximately $52,000. GSA Capital Partners LLP purchased a new stake in shares of AFC Gamma in the 3rd quarter valued at $140,000. Martingale Asset Management L P lifted its stake 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 purchasing an additional 4,005 shares during the last quarter. Centiva Capital LP purchased a new stake in AFC Gamma during the third quarter valued at about $193,000. Finally, Barclays PLC grew its stake in shares of AFC Gamma by 257.0% during the third quarter. Barclays PLC now owns 22,567 shares of the company's stock valued at $231,000 after buying an additional 16,245 shares during the last quarter. Institutional investors own 26.53% of the company's stock.

AFC Gamma Company Profile

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.