AFC Gamma, Inc. (NASDAQ:AFCG – Get Free Report) insider Robyn Tannenbaum bought 4,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of $6.25 per share, with a total value of $25,000.00. Following the purchase, the insider now owns 117,667 shares of the company’s stock, valued at $735,418.75. The trade was a 3.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Robyn Tannenbaum also recently made the following trade(s):
- On Monday, March 17th, Robyn Tannenbaum purchased 4,000 shares of AFC Gamma stock. The stock was acquired at an average price of $6.17 per share, with a total value of $24,680.00.
AFC Gamma Stock Performance
AFCG traded down $0.32 during trading hours on Monday, hitting $6.30. The company’s stock had a trading volume of 580,267 shares, compared to its average volume of 167,861. The firm has a market capitalization of $138.30 million, a PE ratio of 15.75 and a beta of 1.03. The company has a 50-day simple moving average of $8.34 and a 200 day simple moving average of $9.27. 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 current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.29.
Hedge Funds Weigh In On AFC Gamma
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on AFCG shares. JMP Securities restated a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. Alliance Global Partners assumed coverage on shares of AFC Gamma in a research note on Tuesday, December 17th. They set a “buy” rating and a $13.00 price target on the stock. Finally, Jefferies Financial Group lowered AFC Gamma from a “buy” rating to a “hold” rating and lowered their price objective for the company from $10.00 to $7.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AFC Gamma has an average rating of “Moderate Buy” and a consensus target price of $9.67.
Read Our Latest Analysis on AFC Gamma
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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