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

Advanced Flower Capital Inc. (NASDAQ:AFCG) saw a significant increase in the stake owned by its director and 10% owner, Leonard M. Tannenbaum. On September 22 and 23, 2026, Tannenbaum bought 26,543 shares of the company's common stock, totaling $92,635. The purchases were made at a weighted average price of $3.49 per share, with the additional shares bought on September 23 at the same price.

The timing of these transactions coincides with the stock trading at a Price/Book ratio of 0.42, which InvestingPro data suggests indicates undervaluation. Following these transactions, Tannenbaum directly holds 6,988,989 shares of AFCG common stock, with an additional 226,907 shares held by his spouse and 180,400 shares held by the Tannenbaum Family Foundation, where he serves as President.

Tannenbaum disclaims beneficial ownership of the shares held by the foundation, except for his pecuniary interest. Meanwhile, Advanced Flower Capital reported its Q2 2026 financial results, with net investment income of $0.15 per share, slightly below the estimated $0.1533. However, revenue exceeded expectations at $8.69 million, surpassing the forecast of $8.0 million.

The company has also made progress on its $5 million stock repurchase program, having repurchased 1,060,089 shares, bringing the total number of common shares outstanding to 22,468,755.

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