AFC Gamma, Inc. (NASDAQ:AFCG) CEO Daniel Neville Buys 16,250 Shares

AFC Gamma, Inc. (NASDAQ:AFCG) CEO Daniel Neville acquired 16,250 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of $6.32 per share, with a total value of $102,700.00. Following the acquisition, the chief executive officer now owns 177,261 shares of the company’s stock, valued at approximately $1,120,289.52. This represents a 10.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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, with a total value of $197,875.48.

AFC Gamma Trading Up 2.9 %

Shares of AFC Gamma stock opened at $6.48 on Wednesday. The stock has a fifty day simple moving average of $8.26 and a 200 day simple moving average of $9.21. AFC Gamma, Inc. has a 12-month low of $6.08 and a 12-month high of $13.28. The company has a market capitalization of $142.26 million, a P/E ratio of 16.20 and a beta of 1.03. 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 Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.23 dividend. The ex-dividend date is Monday, March 31st. AFC Gamma’s dividend payout ratio is currently 115.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AFCG. GSA Capital Partners LLP purchased a new position in AFC Gamma in the third quarter worth $140,000. Charles Schwab Investment Management Inc. boosted its position in AFC Gamma by 4.6% in 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. Penserra Capital Management LLC boosted its position in AFC Gamma by 22.9% in the third quarter. Penserra Capital Management LLC now owns 78,261 shares of the company’s stock worth $799,000 after purchasing an additional 14,570 shares during the last quarter. Centiva Capital LP purchased a new position in AFC Gamma in the third quarter worth $193,000. Finally, State Street Corp boosted its position in AFC Gamma by 2.8% in the third quarter. State Street Corp now owns 376,611 shares of the company’s stock worth $3,968,000 after purchasing an additional 10,320 shares during the last quarter. Hedge funds and other institutional investors own 26.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JMP Securities restated a “market perform” rating on shares of AFC Gamma in a report on Thursday, January 23rd. Alliance Global Partners began coverage on AFC Gamma in a report on Tuesday, December 17th. They set a “buy” rating and a $13.00 price target for the company. Finally, Jefferies Financial Group downgraded 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 report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.