Notable Insider Trading: America First Multifamily Investors, L.P. $ATAX

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America First Multifamily Investors, L.P. (ATAX) insider have most recently took part in a trading activity. On Dec 1, 2017 Jung Patrick J, Director of GP of GP bought 400 shares having total worth of $2,432 at the price of $6.08 per share, following the transaction a total of 44,471 shares owned by Jung Patrick J.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 buy trades. Furthermore, over the past 12 months , the stock was traded 6 times by insiders. an employee of the company was the buyer in 6 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 0 0.83%
12 Month 6 0 10.51%

Shares of America First Multifamily Investors, L.P. (ATAX) traded down 0.81% on Dec 1, 2017, hitting $6.1. 48,775 shares of the company’s stock traded hands. America First Multifamily Investors, L.P. has a 52 week low of $5.3 and a 52 week high of $6.25. The company’s market cap is $367 million.

America First Multifamily Investors, L.P. (ATAX) last announced its earnings results on Nov 6, 2017. The company reported 0.05 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.06 by $0.01. The company had revenue of $16 million for the quarter, compared to the consensus estimate of $17 million. During the same quarter in the previous year, the company posted 0.07 earnings per share. The company’s revenue for the quarter was up 23% on a year-over-year basis.

2017-11-06 2017-08-07 2017-05-05 2016-11-07
earnings per share 0.05 0.06 0.10 0.07
Revenue(M) 16.2 16.2 16.04 13.2

America First Tax Exempt Investors, L.P., was formed on April 2, 1998 for the primary purpose of acquiring a portfolio of federally tax-exempt mortgage revenue bonds that are issued to provide construction and/or permanent financing of multifamily residential properties. Interest paid on these bonds is excludable from gross income for federal income tax purposes. As a result, most of the income earned by the Partnership is exempt from federal income taxes. These bonds were issued by various state and local housing authorities in order to provide construction and/or permanent financing of 20 multifamily residential apartments containing a total of 3,959 rental units located in the states of Florida, Illinois, Iowa, Kansas, Kentucky, Minnesota, Ohio, South Carolina, Tennessee, and Texas. In each case the Partnership owns, either directly or indirectly, 100% of the bonds issued for these properties. Each bond is secured by a first mortgage or deed of trust on the financed apartment property. Each of the bonds provides for “base” interest payable at a fixed rate on a periodic basis. Additionally, five of the bonds also provide for the payment of contingent interest determined by the net cash flow and net capital appreciation of the underlying real estate properties. The Company’s business objectives are to preserve and protect its capital and to provide regular and increasing cash distributions to the Company’s unit holders which are substantially exempt from federal income tax. The Company has sought to meet these objectives by primarily investing in a portfolio of tax-exempt mortgage revenue bonds that were issued to finance, and are secured by first mortgages on, multifamily apartment properties, including student housing. The Partnership competes with private investors, lending institutions, trust funds, investment partnerships and other entities with objectives similar to the Partnership for the acquisition of tax-exempt mortgage revenue bonds and other investments. The Partnership believes that each of the MF Properties and the properties collateralizing its tax-exempt mortgage revenue bonds are in compliance, in all material respects, with federal, state and local regulations regarding hazardous waste and other environmental matters.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.