Mar. 19 at 10:46 AM
$AFCG insiders stepped up amid the stock's 20% YTD decline. CEO Neville, Chairman Tannenbaum, and President Tannenbaum collectively acquired 136,606 shares worth
$868,941 in mid-March. Their average purchase price (
$6.36) suggests they see value despite losing on earlier
$12+ purchases.
As a specialized REIT providing capital to cannabis operators, AFCG faces a rough patch from regulatory uncertainty and cash-strapped borrowers. The purchases coincide with AFCG's Q1 earnings where analysts projected
$11.7M revenue and
$0.37 EPS. Their
$421M loan portfolio remains exposed to state-legal cannabis market fluctuations.
These insider purchases may stabilize the stock and draw in investors who like to see the signals of management conviction in the cannabis financing sector.
Worth watching for insider activity:
$IIPR,
$REFI,
$NLCP
Insider details at https://prismo.pro/stock/afcg?utm_source=stockwits&utm_medium=social&utm_campaign=insider-news&utm_content=AFCG_2025-03-19
🚀 #InsiderTrading