AFC Gamma, Inc., Director, 10% Owner at Advanced Flower Capital Inc. (AFCG), bought 25,228 shares at $3.49 ($88K) on 2026-09-24, disclosed to the SEC on 2026-09-28.
AFC Gamma, Inc. purchased 20,000 shares for $69,800 at $3.49, marking the largest insider purchase in the company's history. This significant capital commitment by a director with a 10% stake suggests strong conviction in the company's transition to a business development company model and its private credit strategy.
The stock is trading near its 52-week low of $2.06, down 16.02% over the past year despite a 11.16% gain over the last 90 days. The current price of $3.485 is 69.17% above the 52-week low, indicating the recent insider purchase comes at a significant discount to the stock's annual range.
Q2 2026 earnings on August 13, 2026, which showed a 4% NAV climb and net investment income covering the dividend threefold. The company's strategic focus on deploying capital in the lower middle-market private credit sector as lenders retreat presents a key growth narrative.
The stock carries a short interest of 4.75% of the float, which could lead to volatility if the narrative around the cannabis sector stress or the BDC transition fails to materialize. Additionally, the company faces challenges with its legacy cannabis portfolio, as noted in recent earnings calls.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $3.49 | 20,000 | $70K | 79.1% |
| 2 | $3.52 | 5,228 | $18K | 20.9% |
| Total | $3.50 avg | 25,228 | $88K | 100% |