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

America First Multifamily Investors LP (NASDAQ:ATAX) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 236,600 shares, a growth of 25.9% from the June 30th total of 187,900 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 259,800 shares, the short-interest ratio is currently 0.9 days.

NASDAQ ATAX opened at $3.96 on Friday. America First Multifamily Investors has a 52 week low of $3.52 and a 52 week high of $8.18. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.65. The business’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $5.60. The firm has a market cap of $239.76 million, a PE ratio of 10.42 and a beta of 0.56.

America First Multifamily Investors (NASDAQ:ATAX) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). America First Multifamily Investors had a return on equity of 8.12% and a net margin of 46.31%. The company had revenue of $13.70 million for 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 issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.24 annualized dividend and a dividend yield of 6.06%.

Several hedge funds and other institutional investors have recently bought and sold shares of ATAX. Sunbelt Securities Inc. purchased a new position in shares of America First Multifamily Investors during the 4th quarter worth $10,308,000. Raymond James Financial Services Advisors Inc. increased its position in shares of America First Multifamily Investors by 0.9% during the 1st 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. Raymond James & Associates increased its position in shares of America First Multifamily Investors by 8.3% during the 1st 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. Janney Montgomery Scott LLC increased its position in shares of America First Multifamily Investors by 83.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,000 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of America First Multifamily Investors during the 1st quarter worth about $54,000. Institutional investors and hedge funds own 8.92% of the company’s stock.

A number of research analysts have weighed in on ATAX shares. ValuEngine upgraded America First Multifamily Investors from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. BidaskClub lowered America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Tuesday, June 23rd.

America First Multifamily Investors Company Profile

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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