{
  "id": 7642816,
  "title": "Advanced Flower Capital reports progress on $5 million stock repurchase program",
  "url": "https://urgent.news/2026/09/15/advanced-flower-capital-reports-progress-on-5-million-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T21:53:17.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/sec-filings/advanced-flower-capital-reports-progress-on-5-million-stock-repurchase-program-93CH-4902712"
  },
  "original_language": "en",
  "account": "Advanced Flower Capital (AFCG) has repurchased 1,060,089 shares of its common stock as part of a $5 million stock repurchase program, according to the company's Monday press release. The repurchase brings the total number of shares issued and outstanding to 22,468,755. The company's stock has surged 39% over the past six months, currently trading at $3.52 with a market capitalization of $79.6 million. InvestingPro analysis suggests the stock is undervalued, with a Fair Value estimate predicting further upside potential. The buyback program, authorized by the board of directors, allows for the purchase of up to $5 million worth of shares in the open market. Repurchases must comply with the company's policies and relevant securities regulations, such as the Investment Company Act of 1940 and Rule 10b-18 under the Securities Exchange Act of 1934. The program remains in effect until either $5 million in shares are repurchased or May 4, 2027. AFC reported its second-quarter 2026 financial results, with revenue of $8.69 million, exceeding expectations of $8.0 million. However, net investment income came in at $0.15 per share, slightly below the forecasted $0.1533. Despite this, the company covered its quarterly distribution three times, demonstrating a robust financial position. The revenue beat and dividend coverage indicate AFC's financial health and flexibility, positively impacting investor sentiment.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}