Advanced flower capital director buys $92,635 in common stock

Leonard M. Tannenbaum, a director and 10% owner of Advanced Flower Capital Inc., bolstered his position in the company by purchasing $92,635 worth of common stock. Two transactions, carried out on September 22 and 23, 2026, led to the acquisition of 26,543 shares. On September 22, Tannenbaum bought 23,072 shares at an average cost of $3.49 per share, spanning several trades priced between $3.47 and $3.50.

The next day, September 23, he added 3,471 shares at the identical price point. This move aligns with the stock's trading at a Price/Book ratio of 0.42, signaling potential undervaluation according to InvestingPro data. Presently, Tannenbaum directly owns 6,988,989 shares of Advanced Flower Capital common stock. His spouse holds an additional 226,907 shares, for which he disclaims any beneficial interest.

Furthermore, the Tannenbaum Family Foundation possesses 180,400 shares, subject to Tannenbaum's disclaimers of beneficial ownership, except for his financial stake. Advanced Flower Capital Inc. also disclosed its second-quarter 2026 financial results, revealing a net investment income of $0.15 per share, slightly below the estimated $0.1533.

However, revenue surpassed forecasts, amounting to $8.69 million, compared to the projected $8.0 million. The revenue increase emphasizes the company's robust balance-sheet capabilities and dividend coverage, covering the quarterly distribution threefold. Beyond this, Advanced Flower Capital has made progress on its $5 million stock repurchase program, repurchasing 1,060,089 shares, reducing the total number of outstanding shares to 22,468,755.

This initiative, authorized by the board of directors, aims to enhance shareholder value through targeted financial maneuvers.