AFC Gamma, Inc. (NASDAQ:AFCG – Get Free Report) insider Robyn Tannenbaum acquired 4,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $6.25 per share, for a total transaction of $25,000.00. Following the acquisition, the insider now owns 117,667 shares in the company, valued at approximately $735,418.75. The trade was a 3.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Robyn Tannenbaum also recently made the following trade(s):
- On Monday, March 17th, Robyn Tannenbaum acquired 4,000 shares of AFC Gamma stock. The stock was acquired at an average cost of $6.17 per share, for a total transaction of $24,680.00.
AFC Gamma Trading Down 4.8 %
Shares of AFCG stock traded down $0.32 during trading hours on Monday, hitting $6.30. 580,267 shares of the company were exchanged, compared to its average volume of 167,861. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.92 and a current ratio of 3.92. AFC Gamma, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $13.28. The company has a 50 day simple moving average of $8.34 and a two-hundred day simple moving average of $9.27. The firm has a market cap of $138.30 million, a P/E ratio of 15.75 and a beta of 1.03.
Hedge Funds Weigh In On AFC Gamma
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on AFCG. JMP Securities reissued a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. Alliance Global Partners started coverage on shares of AFC Gamma in a research report on Tuesday, December 17th. They set a “buy” rating and a $13.00 price objective for the company. Finally, Jefferies Financial Group downgraded 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. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.67.
Read Our Latest Analysis on AFCG
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.
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