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

AFC Gamma, Inc. (NASDAQ:AFCG) CEO Daniel Neville bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price 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 $1,130,018.20. The trade was a 2.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

AFC Gamma Trading Up 0.8 %

Shares of AFCG stock traded up $0.05 during trading hours on Thursday, reaching $6.29. The company’s stock had a trading volume of 170,433 shares, compared to its average volume of 172,294. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.29. AFC Gamma, Inc. has a one year low of $6.08 and a one year high of $12.87. The stock has a market capitalization of $142.13 million, a P/E ratio of 15.73 and a beta of 1.03. The firm’s fifty day simple moving average is $8.02 and its 200 day simple moving average is $9.05.

AFC Gamma Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC purchased a new position in shares of AFC Gamma during the third quarter valued at about $52,000. Centiva Capital LP purchased a new position in shares of AFC Gamma during the 3rd quarter worth approximately $193,000. Martingale Asset Management L P grew its holdings in shares of AFC Gamma by 24.1% during 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 period. Barclays PLC raised its position 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of AFC Gamma by 57.8% in the 3rd quarter. Geode Capital Management LLC now owns 24,225 shares of the company’s stock valued at $248,000 after purchasing an additional 8,877 shares during the period. 26.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on AFCG shares. Alliance Global Partners began coverage on AFC Gamma in a research report on Tuesday, December 17th. They issued a “buy” rating and a $13.00 price objective for the company. Jefferies Financial Group lowered shares of AFC Gamma from a “buy” rating to a “hold” rating and lowered their price target for the company from $10.00 to $7.00 in a report on Friday, March 14th. Finally, JMP Securities reissued a “market perform” rating on shares of AFC Gamma in a report on Thursday, January 23rd. Three 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 company. Based on data from MarketBeat, AFC Gamma has an average rating of “Moderate Buy” and an average price target of $9.67.

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.