America First Multifamily Investors LP (NASDAQ:ATAX) Short Interest Update

America First Multifamily Investors LP (NASDAQ:ATAX) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 236,600 shares, an increase of 25.9% from the June 30th total of 187,900 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 259,800 shares, the days-to-cover ratio is presently 0.9 days.

A number of equities research analysts have weighed in on the company. ValuEngine upgraded America First Multifamily Investors from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. BidaskClub cut America First Multifamily Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, June 23rd.

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of America First Multifamily Investors by 8.3% during the first quarter. Raymond James & Associates now owns 468,353 shares of the financial services provider’s stock worth $2,454,000 after purchasing an additional 35,910 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of America First Multifamily Investors by 0.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 407,997 shares of the financial services provider’s stock worth $2,138,000 after purchasing an additional 3,763 shares during the last quarter. US Bancorp DE raised its stake in shares of America First Multifamily Investors by 11.8% during the first quarter. US Bancorp DE now owns 332,703 shares of the financial services provider’s stock worth $1,743,000 after purchasing an additional 35,000 shares during the last quarter. UBS Group AG grew its holdings in America First Multifamily Investors by 14.7% during the second quarter. UBS Group AG now owns 221,520 shares of the financial services provider’s stock worth $912,000 after acquiring an additional 28,361 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in America First Multifamily Investors by 1.8% during the first quarter. Wells Fargo & Company MN now owns 212,582 shares of the financial services provider’s stock worth $1,114,000 after acquiring an additional 3,749 shares during the period. Institutional investors and hedge funds own 8.92% of the company’s stock.

Shares of NASDAQ ATAX opened at $3.96 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.65. America First Multifamily Investors has a twelve month low of $3.52 and a twelve month high of $8.18. The stock has a 50 day moving average of $4.03 and a two-hundred day moving average of $5.60. The stock has a market cap of $239.76 million, a P/E ratio of 10.42 and a beta of 0.56.

America First Multifamily Investors (NASDAQ:ATAX) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). America First Multifamily Investors had a net margin of 46.31% and a return on equity of 8.12%. The firm had revenue of $13.70 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 6.06%. The ex-dividend date was Monday, June 29th.

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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