AFC Gamma (NASDAQ:AFCG) Shares Down 0.4% – What’s Next?

AFC Gamma Inc. (NASDAQ:AFCG)’s stock price fell 0.4% during mid-day trading on Monday . The company traded as low as $2.43 and last traded at $2.50. 108,849 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 509,362 shares. The stock had previously closed at $2.51.

Wall Street Analyst Weigh In

AFCG has been the subject of a number of recent research reports. Zacks Research raised shares of AFC Gamma to a “hold” rating in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d)” rating on shares of AFC Gamma in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $5.75.

AFC Gamma Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.04 and a current ratio of 3.04. The company has a market capitalization of $56.48 million, a P/E ratio of -2.40 and a beta of 1.03. The firm’s fifty day moving average is $2.83 and its 200 day moving average is $3.62.

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

Insiders Place Their Bets

In other AFC Gamma news, CEO Daniel Neville bought 17,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $2.81 per share, for a total transaction of $47,770.00. Following the completion of the transaction, the chief executive officer owned 226,649 shares in the company, valued at $636,883.69. This trade represents a 8.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leonard M. Tannenbaum bought 25,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were bought at an average cost of $3.05 per share, with a total value of $76,250.00. Following the completion of the purchase, the director directly owned 5,861,098 shares of the company’s stock, valued at approximately $17,876,348.90. This trade represents a 0.43% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 186,000 shares of company stock worth $542,910. Insiders own 25.10% of the company’s stock.

AFC Gamma Company Profile

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.