Daniel Neville Purchases 16,250 Shares of AFC Gamma, Inc. (NASDAQ:AFCG) Stock

AFC Gamma, Inc. (NASDAQ:AFCG) CEO Daniel Neville purchased 16,250 shares of the company’s stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $6.32 per share, for a total transaction of $102,700.00. Following the completion of the transaction, the chief executive officer now directly owns 177,261 shares of the company’s stock, valued at approximately $1,120,289.52. This represents a 10.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, March 14th, Daniel Neville acquired 30,349 shares of AFC Gamma stock. The shares were purchased at an average price of $6.52 per share, for a total transaction of $197,875.48.

AFC Gamma Stock Performance

Shares of AFC Gamma stock traded down $0.32 on Monday, hitting $6.30. The stock had a trading volume of 580,267 shares, compared to its average volume of 167,861. AFC Gamma, Inc. has a twelve month low of $6.10 and a twelve month 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 stock has a market cap of $138.30 million, a price-to-earnings ratio of 15.75 and a beta of 1.03. The business’s 50 day moving average is $8.34 and its two-hundred day moving average is $9.27.

Institutional Trading of AFC Gamma

A number of institutional investors have recently modified their holdings of AFCG. Tidal Investments LLC increased its holdings in AFC Gamma by 19.7% in the 3rd quarter. Tidal Investments LLC now owns 519,610 shares of the company’s stock valued at $5,305,000 after buying an additional 85,655 shares during the period. State Street Corp increased its stake in AFC Gamma by 2.8% in 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 during the last quarter. Penserra Capital Management LLC raised its position in AFC Gamma by 22.9% during the third quarter. Penserra Capital Management LLC now owns 78,261 shares of the company’s stock valued at $799,000 after purchasing an additional 14,570 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AFC Gamma by 4.6% during the third 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 during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AFC Gamma by 57.8% during the 3rd quarter. Geode Capital Management LLC now owns 24,225 shares of the company’s stock worth $248,000 after buying an additional 8,877 shares during the last quarter. 26.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. 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 report on Friday. JMP Securities reiterated a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. Finally, Alliance Global Partners started coverage on AFC Gamma in a report on Tuesday, December 17th. They set a “buy” rating and a $13.00 target price on the stock. Three 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 company’s stock. Based on data from MarketBeat.com, AFC Gamma has a consensus rating of “Moderate Buy” and a consensus price target of $9.67.

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.