Leonard M. Tannenbaum, a director of Advanced Flower Capital Inc. (NASDAQ:AFCG), disclosed purchases of the company's common stock in a Form 4 filing with the Securities and Exchange Commission.
The transactions occurred over two days. On March 5, 2026, Tannenbaum bought 29,000 shares at a weighted average price of $2.44; those shares were acquired in multiple trades with individual prices ranging from $2.37 to $2.49. The following day, March 6, he added 1,270 shares at $2.47 per share. Combined, the two transactions total 30,270 shares for aggregate proceeds of $73,896.
After these purchases, Tannenbaum directly holds 5,891,368 shares of Advanced Flower Capital. He also has indirect holdings of 218,907 shares through his spouse and 180,400 shares held by the Tannenbaum Family Foundation.
The insider buying took place as the company's stock experienced recent movement in public markets. Shares of AFCG rose 16% over the last week, while the stock remains down 66% over the past 12 months. The company is trading at a Price/Book ratio of 0.33. Market commentary included an assessment that the company is trading below its Fair Value, and the firm's market capitalization is reported at $58 million.
Financial results released for the fourth quarter of 2025 painted a challenging picture. Advanced Flower Capital reported earnings per share of -$0.12, missing the anticipated $0.03 by a material margin - a deviation noted as a -500% surprise relative to the expectation. Revenue for the quarter came in at $5.19 million versus expected revenue of $5.46 million. Following the publication of those results, the companys stock experienced a modest uptick in pre-market trading.
The Form 4 filing documents the insider purchases, and the financial results provide context for recent stock moves. The transaction sizes and the discrepancy between headline expectations and reported results highlight the contrasts investors are weighing: director buying on one hand, and an earnings and revenue miss on the other.
For market participants tracking insider activity and small-cap equity performance, the combination of the purchases and the fourth-quarter results will likely remain a data point to monitor as the company reports in future quarters.
Disclosure: The filing information and financial figures presented above are taken from the cited SEC filing and the companys reported quarterly results.