AFC Gamma (NASDAQ:AFCG) Rating Increased to Strong-Buy at Wall Street Zen

AFC Gamma (NASDAQ:AFCG) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

AFCG has been the topic of several other reports. Zacks Research upgraded shares of AFC Gamma from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of AFC Gamma in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $4.50.

AFC Gamma Price Performance

Shares of AFCG opened at $3.13 on Friday. AFC Gamma has a 1-year low of $2.06 and a 1-year high of $5.10. The stock has a market cap of $73.65 million, a PE ratio of -4.89 and a beta of 0.87. The firm has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $2.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.41 and a quick ratio of 1.41.

Insider Buying and Selling

In other news, Director Leonard M. Tannenbaum bought 90,600 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $2.84 per share, with a total value of $257,304.00. Following the transaction, the director directly owned 6,516,775 shares in the company, valued at $18,507,641. The trade was a 1.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.70% of the stock is owned by company insiders.

AFC Gamma Company Profile

AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.

The company’s primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.