Short Interest in America First Multifamily Investors LP (NASDAQ:ATAX) Increases By 38.7%

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America First Multifamily Investors LP (NASDAQ:ATAX) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 41,200 shares, an increase of 38.7% from the September 30th total of 29,700 shares. Based on an average daily volume of 148,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

A number of hedge funds and other institutional investors have recently made changes to their positions in ATAX. Acadian Asset Management LLC raised its holdings in America First Multifamily Investors by 147.1% in the 2nd quarter. Acadian Asset Management LLC now owns 180,590 shares of the financial services provider’s stock valued at $1,286,000 after acquiring an additional 107,517 shares in the last quarter. Citadel Advisors LLC acquired a new position in America First Multifamily Investors in the 2nd quarter valued at $567,000. California Public Employees Retirement System raised its holdings in America First Multifamily Investors by 333.1% in the 3rd quarter. California Public Employees Retirement System now owns 75,518 shares of the financial services provider’s stock valued at $618,000 after acquiring an additional 58,081 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in America First Multifamily Investors in the 2nd quarter valued at $378,000. Finally, America First Investment Advisors LLC raised its holdings in America First Multifamily Investors by 11.9% in the 3rd quarter. America First Investment Advisors LLC now owns 462,972 shares of the financial services provider’s stock valued at $3,787,000 after acquiring an additional 49,273 shares in the last quarter. 8.36% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ ATAX opened at $7.60 on Thursday. The stock has a market capitalization of $457.48 million, a PE ratio of 15.67 and a beta of 0.30. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.66 and a quick ratio of 1.66. The business has a fifty day moving average price of $7.81 and a two-hundred day moving average price of $7.38. America First Multifamily Investors has a fifty-two week low of $5.40 and a fifty-two week high of $8.18.

America First Multifamily Investors (NASDAQ:ATAX) last announced its quarterly earnings data on Friday, November 1st. The financial services provider reported $0.13 earnings per share for the quarter. The firm had revenue of $14.90 million during the quarter. America First Multifamily Investors had a return on equity of 10.41% and a net margin of 47.47%.

The business also recently disclosed a — dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.125 dividend. The ex-dividend date was Friday, September 27th. This represents a yield of 6.4%.

Several research firms recently weighed in on ATAX. BidaskClub cut America First Multifamily Investors from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised America First Multifamily Investors from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st.

About America First Multifamily Investors

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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