America First Multifamily Investors (NASDAQ:ATAX) Shares Cross Above Two Hundred Day Moving Average of $6.27

America First Multifamily Investors, L.P. (NASDAQ:ATAX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.27 and traded as high as $6.72. America First Multifamily Investors shares last traded at $6.67, with a volume of 96,527 shares.

The company has a debt-to-equity ratio of 2.24, a quick ratio of 14.78 and a current ratio of 14.78. The stock has a market capitalization of $403.32 million, a PE ratio of 33.35 and a beta of 0.56. The business’s 50-day moving average is $6.68 and its two-hundred day moving average is $6.27.

America First Multifamily Investors (NASDAQ:ATAX) last issued its quarterly earnings results on Wednesday, August 4th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $16.41 million for the quarter. America First Multifamily Investors had a return on equity of 4.79% and a net margin of 29.08%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Thursday, September 30th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.44 annualized dividend and a dividend yield of 6.60%.

A number of large investors have recently added to or reduced their stakes in ATAX. Beacon Financial Advisory LLC acquired a new position in shares of America First Multifamily Investors during the 2nd quarter worth $69,000. JPMorgan Chase & Co. purchased a new stake in shares of America First Multifamily Investors during the 1st quarter worth approximately $166,000. Northeast Financial Consultants Inc grew its holdings in shares of America First Multifamily Investors by 14.3% in the 1st quarter. Northeast Financial Consultants Inc now owns 16,000 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 2,000 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in America First Multifamily Investors during the first quarter worth $96,000. Finally, Stifel Financial Corp boosted its position in America First Multifamily Investors by 14.9% during the first quarter. Stifel Financial Corp now owns 85,000 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 11,000 shares in the last quarter. Hedge funds and other institutional investors own 11.24% of the company’s stock.

About America First Multifamily Investors (NASDAQ:ATAX)

America First Multifamily Investors LP engages in the acquisition of a portfolio of mortgage revenue bonds that are issued by state and local housing authorities to provide construction and permanent financing for affordable multifamily and student housing and commercial properties. It operates through the following segments: Mortgage Revenue Bond Investments, Multifamily (MF) Properties, Public Housing Capital (PHC) Fund Trusts, and Other Investments.

Further Reading: How is a Moving Average Calculated?

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