Leonard M. Tannenbaum, a director at Advanced Flower Capital Inc. (NASDAQ:AFCG), reported a series of purchases totaling 51,808 shares of the company's common stock, according to a Form 4 filing with the Securities and Exchange Commission.
The filings show the acquisitions occurred over three dates: 2,502 shares on March 12, 15,018 shares on March 13 and 34,288 shares on March 16, 2026. The aggregate cost for the transactions was $134,332, with the per-share prices ranging from $2.59 to $2.60.
Following these buys, Tannenbaum directly holds 6,047,389 shares of Advanced Flower Capital common stock. The filing also reports indirect holdings comprising 218,907 shares owned by his spouse and 180,400 shares held by the Tannenbaum Family Foundation.
Those insider purchases come as AFCG shares trade close to their 52-week low of $2.06 and amid a 56% decline in the stock's value over the past year. External analysis cited in the filing indicates the company appears inexpensive on a price-to-book basis, trading at a multiple of 0.35, and offering a dividend yield of 7.69%. The same disclosure notes the company was not profitable over the last twelve months.
Advanced Flower Capital also recently released fourth-quarter 2025 results that missed analyst expectations. The company reported earnings per share of -$0.12 versus an anticipated $0.03, representing a -500% surprise to estimates. Revenue for the quarter came in at $5.19 million against projections of $5.46 million.
Despite the earnings and revenue shortfalls, the stock showed a slight uptick in pre-market trading following the release. The results and the insider transactions will likely draw attention from investors and analysts tracking how Advanced Flower Capital plans to address its current financial performance.
Context and implications
The Form 4 disclosure documents the timing and scale of Tannenbaum's purchases but provides no commentary from the director or the company about the motivations behind the trades. The data in the filing is factual and limited to share counts, prices, dates and the current ownership structure as reported.
For readers seeking additional valuation and financial analysis, the filing references access to supplementary tips and analysis tools offered through an external subscription service; the article does not include further proprietary analysis beyond the figures disclosed in the regulatory filing and the company’s published results.
Note: The report above is based on the Form 4 filing and the company’s published quarterly results. No additional claims or interpretations beyond those disclosures are made here.