Steward Partners Investment Advisory LLC Sells 3,333 Shares of America First Multifamily Investors, L.P. (NASDAQ:ATAX)

Steward Partners Investment Advisory LLC trimmed its position in shares of America First Multifamily Investors, L.P. (NASDAQ:ATAXGet Rating) by 66.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,667 shares of the financial services provider’s stock after selling 3,333 shares during the period. Steward Partners Investment Advisory LLC’s holdings in America First Multifamily Investors were worth $31,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synovus Financial Corp bought a new stake in America First Multifamily Investors in the 1st quarter valued at $91,000. Equitable Holdings Inc. increased its holdings in America First Multifamily Investors by 11.8% in the 1st quarter. Equitable Holdings Inc. now owns 32,645 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 3,453 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new stake in America First Multifamily Investors in the 1st quarter valued at $207,000. Tradition Wealth Management LLC increased its holdings in America First Multifamily Investors by 8.9% in the 1st quarter. Tradition Wealth Management LLC now owns 53,704 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 4,393 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in America First Multifamily Investors by 1.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 54,045 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 662 shares during the last quarter. 8.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Kenneth Rogozinski purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was purchased at an average cost of $19.25 per share, with a total value of $48,125.00. Following the purchase, the chief executive officer now owns 40,201 shares in the company, valued at $773,869.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 4,651 shares of company stock valued at $88,363 in the last three months. Corporate insiders own 1.30% of the company’s stock.

America First Multifamily Investors Stock Performance

Shares of NASDAQ:ATAX opened at $18.21 on Monday. America First Multifamily Investors, L.P. has a 52 week low of $16.53 and a 52 week high of $20.85. The stock has a market capitalization of $405.12 million, a P/E ratio of 6.33 and a beta of 0.59. The firm has a fifty day simple moving average of $18.24 and a two-hundred day simple moving average of $18.46. The company has a quick ratio of 28.22, a current ratio of 17.76 and a debt-to-equity ratio of 3.28.

America First Multifamily Investors Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were paid a $0.37 dividend. The ex-dividend date was Thursday, September 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.13%. America First Multifamily Investors’s payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of America First Multifamily Investors in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

About America First Multifamily Investors

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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 and/or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through five segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments, and Public Housing Capital Fund Trusts.

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Institutional Ownership by Quarter for America First Multifamily Investors (NASDAQ:ATAX)

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