AFC Gamma, Inc. (NASDAQ:AFCG) Insider Robyn Tannenbaum Acquires 4,000 Shares

AFC Gamma, Inc. (NASDAQ:AFCG) insider Robyn Tannenbaum acquired 4,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $6.17 per share, with a total value of $24,680.00. Following the completion of the transaction, the insider now directly owns 121,667 shares in the company, valued at $750,685.39. This trade represents a 3.40 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robyn Tannenbaum also recently made the following trade(s):

• On Friday, March 14th, Robyn Tannenbaum acquired 4,000 shares of AFC Gamma stock. The shares were bought at an average cost of $6.25 per share, with a total value of $25,000.00.

AFC Gamma Stock Performance

AFC Gamma stock opened at $6.30 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.92 and a current ratio of 3.92. The stock has a fifty day moving average of $8.30 and a two-hundred day moving average of $9.24. The company has a market capitalization of $138.30 million, a price-to-earnings ratio of 15.75 and a beta of 1.03. AFC Gamma, Inc. has a fifty-two week low of $6.08 and a fifty-two week high of $13.28.

Wall Street Analysts Forecast Growth

Several analysts have 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 company from $10.00 to $7.00 in a report on Friday. JMP Securities reissued a “market perform” rating on shares of AFC Gamma in a report on Thursday, January 23rd. Finally, Alliance Global Partners assumed coverage on AFC Gamma in a report on Tuesday, December 17th. They issued a “buy” rating and a $13.00 price target for the company. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AFC Gamma currently has an average rating of “Moderate Buy” and a consensus price target of $9.67.

Hedge Funds Weigh In On AFC Gamma

Hedge funds have recently bought and sold shares of the stock. McIlrath & Eck LLC purchased a new position in AFC Gamma during the third quarter worth $52,000. GSA Capital Partners LLP purchased a new position in AFC Gamma during the third quarter worth $140,000. Centiva Capital LP purchased a new position in AFC Gamma during the third quarter worth $193,000. Martingale Asset Management L P increased its position in AFC Gamma by 24.1% during the fourth quarter. Martingale Asset Management L P now owns 20,623 shares of the company’s stock worth $172,000 after buying an additional 4,005 shares in the last quarter. Finally, Barclays PLC increased its position in AFC Gamma by 257.0% during the third quarter. Barclays PLC now owns 22,567 shares of the company’s stock worth $231,000 after buying an additional 16,245 shares in the last quarter. Hedge funds and other institutional investors own 26.53% of the company’s stock.

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.