Daniel Neville Acquires 5,000 Shares of AFC Gamma, Inc. (NASDAQ:AFCG) Stock

AFC Gamma, Inc. (NASDAQ:AFCG) CEO Daniel Neville purchased 5,000 shares of AFC Gamma stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average cost of $6.20 per share, with a total value of $31,000.00. Following the transaction, the chief executive officer now directly owns 182,261 shares in the company, valued at approximately $1,130,018.20. The trade was a 2.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Daniel Neville also recently made the following trade(s):

• On Monday, March 17th, Daniel Neville bought 16,250 shares of AFC Gamma stock. The shares were acquired at an average price of $6.32 per share, with a total value of $102,700.00.
• On Friday, March 14th, Daniel Neville purchased 30,349 shares of AFC Gamma stock. The stock was acquired at an average price of $6.52 per share, for a total transaction of $197,875.48.

AFC Gamma Stock Down 3.2 %

AFCG opened at $6.09 on Friday. AFC Gamma, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.92 and a current ratio of 3.92. The stock has a market cap of $137.61 million, a price-to-earnings ratio of 15.23 and a beta of 1.03. The firm’s fifty day moving average is $7.92 and its 200 day moving average is $9.00.

AFC Gamma Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JMP Securities restated a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. Jefferies Financial Group cut AFC Gamma from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.00 to $7.00 in a research report on Friday, March 14th. Finally, Alliance Global Partners began coverage on AFC Gamma in a research report on Tuesday, December 17th. They set a “buy” rating and a $13.00 price objective on the stock. Three investment 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 company’s stock. According to data from MarketBeat.com, AFC Gamma currently has a consensus rating of “Moderate Buy” and an average price target of $9.67.

Institutional Trading of AFC Gamma

Several institutional investors have recently made changes to their positions in AFCG. Charles Schwab Investment Management Inc. lifted its holdings in AFC Gamma by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,403 shares of the company’s stock worth $515,000 after purchasing an additional 2,200 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of AFC Gamma by 22.9% in the third quarter. Penserra Capital Management LLC now owns 78,261 shares of the company’s stock worth $799,000 after buying an additional 14,570 shares in the last quarter. Centiva Capital LP bought a new position in shares of AFC Gamma during the third quarter worth $193,000. State Street Corp grew its stake in AFC Gamma by 2.8% during the third quarter. State Street Corp now owns 376,611 shares of the company’s stock valued at $3,968,000 after acquiring an additional 10,320 shares in the last quarter. Finally, Barclays PLC increased its holdings in AFC Gamma by 257.0% in the 3rd quarter. Barclays PLC now owns 22,567 shares of the company’s stock valued at $231,000 after acquiring an additional 16,245 shares during the last quarter. Hedge funds and other 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.