Insider Purchase
Leonard M. Tannenbaum, a director of Advanced Flower Capital Inc. (NASDAQ:AFCG) and a 10% owner, bought 25,000 shares of the company’s common stock on September 17, 2026 at $3.50 per share, resulting in a total outlay of $87,500. Following the transaction, Mr. Tannenbaum directly holds 6,952,446 shares. Shares held by his spouse amount to 226,907, and the Tannenbaum Family Foundation, of which he is President, holds 180,400 shares. Mr. Tannenbaum disclaims beneficial ownership of the spouse‑held and foundation‑held shares except to the extent of his pecuniary interest.
Recent Financial Performance
Advanced Flower Capital reported its second‑quarter 2026 results, posting revenue of $8.69 million, which exceeded the analyst consensus forecast of $8.0 million. Net investment income was $0.15 per share, slightly below the estimate of $0.1533 per share. The company declared a quarterly distribution of $0.05 per share, which was covered threefold by the reported income.
Share Repurchase Program
The board authorized a $5 million stock repurchase program. To date, the company has repurchased 1,060,089 shares, leaving 22,468,755 shares outstanding.
Market Context
Over the past six months, AFCG’s stock has delivered a 29.6% total return. InvestingPro analysis notes that the stock appears undervalued, trading at a low price‑to‑book multiple of 0.41.
Disclosure Note
The article was generated with AI assistance and reviewed by an editor.