America First Multifamily Investors (NASDAQ:ATAX) Downgraded by BidaskClub

BidaskClub lowered shares of America First Multifamily Investors (NASDAQ:ATAX) from a buy rating to a hold rating in a research note released on Saturday morning, BidAskClub reports.

America First Multifamily Investors stock opened at $7.58 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.80 and a current ratio of 1.80. America First Multifamily Investors has a one year low of $5.17 and a one year high of $7.98. The company has a 50-day simple moving average of $7.40 and a 200-day simple moving average of $7.06. The firm has a market capitalization of $458.03 million, a P/E ratio of 12.63 and a beta of 0.29.

America First Multifamily Investors (NASDAQ:ATAX) last issued its quarterly earnings data on Friday, August 2nd. The financial services provider reported $0.05 earnings per share for the quarter. The firm had revenue of $14.35 million for the quarter. America First Multifamily Investors had a net margin of 51.06% and a return on equity of 13.54%.

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of America First Multifamily Investors by 147.1% during the second quarter. Acadian Asset Management LLC now owns 180,590 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 107,517 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of America First Multifamily Investors by 37.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 389,925 shares of the financial services provider’s stock worth $2,679,000 after purchasing an additional 107,097 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of America First Multifamily Investors during the second quarter valued at $567,000. Measured Wealth Private Client Group LLC acquired a new position in shares of America First Multifamily Investors during the second quarter valued at $378,000. Finally, Geode Capital Management LLC increased its holdings in shares of America First Multifamily Investors by 77.4% during the fourth quarter. Geode Capital Management LLC now owns 69,438 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 30,297 shares during the period. Institutional investors own 8.24% of the company’s stock.

America First Multifamily Investors Company Profile

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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