AFC Gamma, Inc. (NASDAQ:AFCG) CEO Daniel Neville Buys 30,349 Shares

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

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 purchased at an average price of $6.32 per share, for a total transaction of $102,700.00.

AFC Gamma Stock Performance

AFC Gamma stock opened at $6.30 on Tuesday. The company has a market cap of $138.30 million, a PE ratio of 15.75 and a beta of 1.03. AFC Gamma, Inc. has a twelve month low of $6.08 and a twelve month high of $13.28. The company’s 50-day moving average price is $8.30 and its 200-day moving average price is $9.24. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

Several analysts have commented on AFCG shares. JMP Securities reiterated a “market perform” rating on shares of AFC Gamma in a research note on Thursday, January 23rd. Alliance Global Partners started coverage on shares of AFC Gamma in a research note on Tuesday, December 17th. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Jefferies Financial Group cut shares of AFC Gamma from a “buy” rating to a “hold” rating and decreased their price target for the stock from $10.00 to $7.00 in a research note 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.67.

Hedge Funds Weigh In On AFC Gamma

Several hedge funds have recently added to or reduced their stakes in AFCG. McIlrath & Eck LLC bought a new position in AFC Gamma during the 3rd quarter valued at about $52,000. GSA Capital Partners LLP bought a new position in AFC Gamma during the 3rd quarter valued at about $140,000. Martingale Asset Management L P grew its holdings in AFC Gamma by 24.1% during the 4th quarter. Martingale Asset Management L P now owns 20,623 shares of the company’s stock valued at $172,000 after purchasing an additional 4,005 shares during the last quarter. Centiva Capital LP bought a new position in AFC Gamma during the 3rd quarter valued at about $193,000. Finally, Barclays PLC grew its holdings in AFC Gamma by 257.0% during the 3rd quarter. Barclays PLC now owns 22,567 shares of the company’s stock valued at $231,000 after purchasing an additional 16,245 shares during the last quarter. 26.53% of the stock is currently owned by institutional investors.

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.