Short Interest in America First Multifamily Investors LP (NASDAQ:ATAX) Drops By 35.3%

America First Multifamily Investors LP (NASDAQ:ATAX) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 19,100 shares, a decrease of 35.3% from the May 30th total of 29,500 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 116,800 shares, the days-to-cover ratio is currently 0.2 days.

Several hedge funds and other institutional investors have recently modified their holdings of ATAX. AllSquare Wealth Management LLC purchased a new position in America First Multifamily Investors during the 1st quarter worth $55,000. Advisor Group Inc. increased its holdings in America First Multifamily Investors by 85.3% during the 4th quarter. Advisor Group Inc. now owns 14,205 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 6,541 shares during the period. Wiley BROS. Aintree Capital LLC purchased a new position in America First Multifamily Investors during the 2nd quarter worth $82,000. Virtu Financial LLC purchased a new position in America First Multifamily Investors during the 1st quarter worth $90,000. Finally, American Asset Management Inc. increased its holdings in America First Multifamily Investors by 40.0% during the 1st quarter. American Asset Management Inc. now owns 14,000 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 7.30% of the company’s stock.

Separately, BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold”.



Shares of NASDAQ ATAX opened at $7.06 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.69 and a current ratio of 1.69. The business has a 50 day simple moving average of $7.09. America First Multifamily Investors has a fifty-two week low of $5.17 and a fifty-two week high of $7.43. The stock has a market capitalization of $426.64 million, a P/E ratio of 11.93 and a beta of 0.33.

America First Multifamily Investors (NASDAQ:ATAX) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.08 earnings per share for the quarter. America First Multifamily Investors had a return on equity of 13.74% and a net margin of 49.50%. The firm had revenue of $17.67 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.125 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.50 annualized dividend and a dividend yield of 7.08%.

About America First Multifamily Investors

America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public housing Capital Fund Trust, and Other Investments.

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