Daniel Neville Acquires 30,349 Shares of AFC Gamma, Inc. (NASDAQ:AFCG) Stock

AFC Gamma, Inc. (NASDAQ:AFCG) CEO Daniel Neville bought 30,349 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average price of $6.52 per share, with a total value of $197,875.48. Following the transaction, the chief executive officer now owns 161,011 shares of the company’s stock, valued at $1,049,791.72. The trade was a 23.23 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 bought at an average price of $6.32 per share, with a total value of $102,700.00.

AFC Gamma Price Performance

AFCG stock opened at $6.48 on Wednesday. AFC Gamma, Inc. has a 52 week low of $6.08 and a 52 week high of $13.28. 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 fifty day simple moving average of $8.26 and a two-hundred day simple moving average of $9.21. The firm has a market capitalization of $142.26 million, a P/E ratio of 16.20 and a beta of 1.03.

AFC Gamma Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders 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 (DPR) is currently 115.00%.

Wall Street Analyst Weigh In

AFCG has been the subject of a number of research reports. Jefferies Financial Group lowered shares of AFC Gamma from a “buy” rating to a “hold” rating and dropped their target price for the stock from $10.00 to $7.00 in a research report on Friday, March 14th. Alliance Global Partners initiated coverage on shares of AFC Gamma in a research report on Tuesday, December 17th. They set a “buy” rating and a $13.00 target price for the company. Finally, JMP Securities restated a “market perform” rating on shares of AFC Gamma in a research report on Thursday, January 23rd. Three equities research 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. According to MarketBeat, AFC Gamma has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.

Hedge Funds Weigh In On AFC Gamma

Institutional investors have recently bought and sold shares of the business. McIlrath & Eck LLC bought a new position in AFC Gamma during the third quarter valued at $52,000. GSA Capital Partners LLP bought a new stake in shares of AFC Gamma in the 3rd quarter worth about $140,000. Martingale Asset Management L P lifted its holdings in shares of AFC Gamma by 24.1% in the 4th 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 during the last quarter. Centiva Capital LP bought a new stake in shares of AFC Gamma in the 3rd quarter worth about $193,000. Finally, Barclays PLC lifted its holdings in shares of AFC Gamma by 257.0% in the 3rd quarter. Barclays PLC now owns 22,567 shares of the company’s stock worth $231,000 after acquiring an additional 16,245 shares during the last quarter. Institutional investors own 26.53% of the company’s stock.

About AFC Gamma

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.