Lower middle market bets and a collateral sale headline this quarter's update.
AFCG Advanced Flower Capital Inc.
XNAS 3.44 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
AFCG
$3.44
—
What changed
Recent filings, trades and movesKey stats
$3.44
- 52-Week Range
- $2.06 – $3.84
- YTD
- +20.53%
- IV Rank (30D)
- 21.71
- Straddle Price
- $0.77
- P/C Vol Ratio
- 4.99
- Market Cap
- $0.1B
- Open
- $3.17
- Day Range
- $3.16 – $3.52
- Volume
- 91,034
- Prev Close
- $3.17
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 0.94 |
| Cost of Equity (CAPM) | 9.58% (VRP-adj) |
| WACC | 7.30% |
| Volatility Risk Premium | +63.7pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.0B |
| Return on Equity (TTM) | 2.5% |
| Book / Price | 249.1% — banking bias active (P/B is primary) |
| Debt / Equity | 0.41 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $3.30 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $3.04 |
| Bollinger Width / SMA20 | 8.1% (drives anchor stability) |
| Net Debt | $-0.0B |
| Market Cap | $0B |
60-Day Conviction
31%
20-Day Fair Value
≈ by Dec 8, 2026
$3.39
α -1.3%
rank 23%
conviction
78%
40-Day Fair Value
≈ by Jan 6, 2027
$3.50
α +2.0%
rank 29%
conviction
64%
60-Day Fair Value
≈ by Feb 4, 2027
$3.47
α +1.1%
rank 35%
conviction
31%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $2.35 | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | n/a | 0% | |
| Peer P/S | n/a | 0% | |
| Market Anchor (SMA50) | $3.30 | 100% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-11-09 · updated
About
- Exchange
- XNAS
- Market Cap
- $0.1B
- List Date
- 2021-03-19
- CIK
- 0001822523
- Last Earnings
- Nov 5 before open · −6.3% vs ±33.7% expected
- Headquarters
- West Palm Beach, FL
- Homepage
- https://advancedflowercapital.com
Advanced Flower Capital Inc is an externally managed Maryland corporation that operates as a Business Development Company (BDC). The firm's primary operations involve originating, structuring, underwriting, and managing senior secured loans and other debt securities. Its investment portfolio includes loans to state law-compliant cannabis operators, ancillary cannabis businesses, and middle-market companies in other industries. These loans are typically secured by collateral such as real estate, equipment, cash flows, and license values.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -13.15% | 0.83% | -3.48% | -4.24% | -19.30% | -7.87% |
| Feb | -- | -2.03% | -1.27% | -4.01% | 4.15% | 1.79% | -0.27% |
| Mar | -8.70% | -3.09% | -22.00% | 7.47% | -33.69% | 21.55% | -6.41% |
| Apr | 7.52% | -17.52% | 1.51% | -0.50% | -1.08% | 2.53% | -1.26% |
| May | 3.14% | 12.92% | -3.69% | -1.51% | -8.82% | 28.62% | 5.11% |
| Jun | -12.61% | -14.07% | 6.23% | 4.18% | -12.84% | -15.53% | -7.44% |
| Jul | 2.16% | 4.33% | 9.77% | -25.75% | -2.22% | -15.54% | -4.54% |
| Aug | 0.76% | 5.91% | -4.88% | 19.13% | 7.13% | 30.91% | 9.83% |
| Sep | 0.51% | -8.22% | -11.26% | -1.64% | -14.70% | 3.15% | -5.36% |
| Oct | 7.57% | 7.20% | -5.70% | -2.30% | -15.80% | -13.63% | -3.78% |
| Nov | -8.62% | 2.04% | 7.69% | 0.83% | -10.43% | 14.88%* | 1.07% |
| Dec | 7.97% | -10.63% | 3.17% | -14.65% | 1.79% | -- | -2.47% |
| Total | -2.84% | -34.57% | -21.72% | -25.64% | -64.34% | 25.86% | -20.54% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $3.06
SMA 50: $3.29
SMA 200: $2.98
Current: $3.44
EMA 12: $3.13
EMA 26: $3.14
MACD: -0.0157 | Signal: 0.0473
BEARISH
ADX (14): 29.95
TREND
+DI: 24.66
−DI: 15.32
Momentum Oscillators
RSI (14): 63.41
NEUTRAL
Stoch %K: 61.94
Stoch %D: 60.97
Williams %R: -14.88
Volume & Volatility
BB Upper: $3.27
BB Lower: $2.85
OVERBOUGHT
OBV: -20,817,249
Vol SMA 20: 58,644
Vol ROC: 135.29%
ATR: $0.16
True Range: $0.36
HV 20: 52.7%
HV 30: 50.0%
HV 60: 49.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
Written before AFCG’s Nov 5 earnings report, so it doesn’t reflect the results.
Here is my report:
Executive Summary
- Overall assessment: BULLISH (confidence level: 7/10)
- Key drivers and primary risks:
- Positive earnings news and dividend announcements have driven recent gains.
- High volatility indicates a high-risk profile, but options market sentiment suggests the stock may be overbought.
- Investment thesis:
- AFCG's recent performance is driven by positive earnings news and dividend announcements.
- The company's senior secured credit facility and revolving credit facility suggest strong financials.
- Recent news sentiment impact: Positive headlines from Q2 earnings release, dividend announcements, and financing deals have fueled the stock price.
Technical Analysis
- Trend Direction: Short-term (1-4 weeks): Bullish; Medium-term (1-3 months): Bullish; Long-term (3-12 months): Neutral
- Support/Resistance Levels:
- SMA 20: $3.41 (support)
- Upper Bollinger Band: $3.82 (resistance)
- Recent highs: $3.60 (resistance)
- Momentum Signals:
- RSI interpretation: Neutral (59.98), indicating no clear trend
- MACD signal: Bullish, suggesting momentum is strong
- Bollinger Bands position: Squeeze, indicating potential breakout or mean reversion
- Volume Analysis: Volume has increased recently, indicating institutional interest.
News & Sentiment Analysis
- Recent Headlines Summary: Positive news headlines have driven the stock price, with announcements of dividend payments and earnings releases.
- Sentiment Assessment: Aggregate sentiment is POSITIVE (67% positive, 33% neutral)
- Catalyst Identification: Upcoming earnings release and conference call may drive further gains or volatility.
- Market Narrative: The news narrative aligns with the technical signals, suggesting a potential continuation of the uptrend.
Risk & Volatility Assessment
- Beta Interpretation: Beta is high (1.23), indicating the stock moves more than the market.
- Volatility Regime: Current volatility is high, but has decreased recently.
- Options Market Signals:
- IV Rank: 21.4% (Low), suggesting historically low implied volatility
- Put/Call Volume Ratio: Bearish sentiment, indicating a potential short-term correction
- Market Expectation: Options market pricing a $11.05 move by expiration
Market Context & Positioning
- Sector Performance: AFCG has outperformed the sector recently.
- Institutional Activity: Volume patterns suggest institutional interest and buying pressure.
- Correlation Analysis: The stock moves relatively independently of the market (R-squared = 0.27).
- Relative Valuation: The stock is trading near its highs, suggesting it may be overbought.
Key Levels & Action Items
- Critical Price Levels: Support at SMA 20 ($3.41) and resistance at Upper Bollinger Band ($3.82)
- Breakout/Breakdown Levels: A breakout above $3.60 could indicate a new uptrend, while a breakdown below SMA 50 ($3.06) could signal a correction.
- Time-Sensitive Catalysts: Upcoming earnings release and conference call
- Risk Management: Consider setting stop-loss levels at SMA 20 or recent lows, and adjust position sizing based on volatility.
Please note that this analysis is meant to be an example of how to structure the report. The actual analysis should take into account all the data provided and consider both bullish and bearish cases.
Generated
News
All AFCG news →
Earnings History
18 of 19 under expected move
Avg Expected Move
32.59%
Avg Actual Move
4.55%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2022-03-10 | Pre-Market | 3.36% | 0.21% | 0.06x | Within |
| 2022-05-10 | Pre-Market | 19.96% | 0.59% | 0.03x | Within |
| 2022-08-09 | Pre-Market | 6.45% | 0.00% | 0.00x | Within |
| 2023-03-07 | Pre-Market | 5.19% | 0.32% | 0.06x | Within |
| 2023-05-10 | Pre-Market | 10.76% | 2.50% | 0.23x | Within |
| 2023-08-08 | Pre-Market | 9.05% | 2.39% | 0.26x | Within |
| 2023-11-08 | Pre-Market | 13.64% | 1.45% | 0.11x | Within |
| 2024-03-07 | Pre-Market | 12.55% | 1.93% | 0.15x | Within |
| 2024-05-09 | Pre-Market | 4.19% | 0.56% | 0.13x | Within |
| 2024-08-07 | Pre-Market | 13.82% | 8.29% | 0.60x | Within |
| 2024-11-13 | Pre-Market | 37.83% | 2.22% | 0.06x | Within |
| 2025-03-13 | Pre-Market | 12.96% | 20.38% | 1.57x | Exceeded |
| 2025-05-14 | Pre-Market | 13.86% | 5.20% | 0.38x | Within |
| 2025-08-14 | Pre-Market | 8.22% | 3.73% | 0.45x | Within |
| 2025-11-12 | After-Close | 27.61% | 4.91% | 0.18x | Within |
| 2026-03-04 | Pre-Market | 346.15% | 9.05% | 0.03x | Within |
| 2026-05-07 | Pre-Market | 20.76% | 11.55% | 0.56x | Within |
| 2026-08-13 | After-Close | 19.10% | 4.98% | 0.26x | Within |
| 2026-11-05 | Pre-Market | 33.70% | 6.27% | 0.19x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
AFCG Options Activity & IV Rank
AFCG IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 106.0%
7-DTE IV: —
Expected Move: $0.77
7-DTE Move: $1.00
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 111
Put Volume: 554
P/C Volume: 4.991
BEARISH
Call OI: 879
Put OI: 713
P/C OI: 0.811
Total OI: 1,592
ATM Options Pricing
ATM Call: $0.70
ATM Put: $0.07
Call %: 20.4%
Put %: 2.2%
Chain Summary
Chain Volume: 665
Chain OI: 1,592
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 8th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
8%
vs own history
GEX tilt
-0.84
OI-weighted, today
Vanna tilt
+0.88
δ-sensitivity to IV
Charm tilt
-0.69
δ-decay vs time
Vanna tilt +0.88: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.69: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 5 ATM contracts, 2k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)21.7LowNov 9
Straddle Price (30 DTE)$0.77Nov 9
Beta Analysis
Risk Metrics
Beta: 1.2971
Alpha: 9.99%
Correlation: 0.3081
R-Squared: 9.5%
Stock Volatility: 57.9%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own AFCG
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $355K | #4873 of 6285 | -43.0% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $208K | #2875 of 3138 | -12.6% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $135K | #3568 of 3716 | -66.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
AFCG Institutional Ownership (13F)
Filings for 2026-06-30 · 16 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 22,522,172 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
5 filers$558.90K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $172.98K | 30.95% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $146.01K | 26.12% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $127.44K | 22.80% | 2026-09-30 |
| 4 | Susquehanna International Group, LLP Custodian | $110.67K | 19.80% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $1.80K | 0.32% | 2026-09-30 |
3 filers$688.89K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $558.31K | 81.04% | 2026-06-30 |
| 2 | Simplex Trading, LLC Custodian | $129.96K | 18.87% | 2026-09-30 |
| 3 | GROUP ONE TRADING LLC Custodian | $620 | 0.09% | 2026-06-30 |
AFCG Insider Trading (Form 4)
Latest: 2026-09-30Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-30 | Leonard M Tannenbaum | Director | Buy (P) | +95,397 | $3.61 | $344.0K | EDGAR |
| 2026-09-28 | Leonard M Tannenbaum | Director | Buy (P) | +25,228 | $3.50 | $88.2K | EDGAR |
| 2026-09-24 | Leonard M Tannenbaum | Director | Buy (P) | +26,543 | $3.49 | $92.6K | EDGAR |
| 2026-09-22 | Leonard M Tannenbaum | Director | Buy (P) | +10,000 | $3.49 | $34.9K | EDGAR |
| 2026-09-18 | Leonard M Tannenbaum | Director | Buy (P) | +25,000 | $3.50 | $87.5K | EDGAR |
| 2026-09-17 | Leonard M Tannenbaum | Director | Buy (P) | +2,949 | $3.44 | $10.2K | EDGAR |
| 2026-09-15 | Leonard M Tannenbaum | Director | Buy (P) | +40,198 | $3.52 | $141.4K | EDGAR |
| 2026-09-11 | Leonard M Tannenbaum | Director | Buy (P) | +35,000 | $3.46 | $121.1K | EDGAR |
| 2026-09-04 | Leonard M Tannenbaum | Director | Buy (P) | +15,223 | $3.59 | $54.7K | EDGAR |
| 2026-09-01 | Leonard M Tannenbaum | Director | Buy (P) | +119,025 | $3.56 | $423.9K | EDGAR |
| 2026-08-28 | Leonard M Tannenbaum | Director | Buy (P) | +34,606 | $3.43 | $118.8K | EDGAR |
| 2026-08-26 | Leonard M Tannenbaum | Director | Buy (P) | +60,000 | $3.40 | $204.3K | EDGAR |
| 2026-08-24 | Leonard M Tannenbaum | Director | Buy (P) | +25,000 | $3.28 | $82.0K | EDGAR |
| 2026-08-21 | Leonard M Tannenbaum | Director | Buy (P) | +20,000 | $3.29 | $65.8K | EDGAR |
| 2026-08-19 | Leonard M Tannenbaum | Director | Buy (P) | +12,841 | $3.48 | $44.7K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
AFCG Insider Holdings
8 insiders · @ $3.44
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Leonard M Tannenbaum | Director | 7,336,521 | $25.20M | $14.48M | 48 | 2026-09-30 |
| 2 | Robyn Tannenbaum | President and CIO | 407,307 | $1.40M | $3.35M | 16 | 2026-08-18 |
| 3 | Daniel Neville | Chief Executive Officer | 317,889 | $1.09M | $505.5K | 9 | 2025-11-21 |
| 4 | Brandon Hetzel | CFO and Treasurer | 42,000 | $144.3K | $4.4K | 3 | 2026-08-17 |
| 5 | Thomas L Harrison | Director | 24,539 | $84.3K | $95.0K | 6 | 2025-11-24 |
| 6 | Alexander C Frank | Director | 16,196 | $55.6K | $0 | 6 | 2025-11-21 |
| 7 | Robert L Levy | Director | 9,511 | $32.7K | $0 | 6 | 2025-11-21 |
| 8 | Marnie Migatz Sudnow | Director | 9,511 | $32.7K | $0 | 5 | 2025-11-21 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
AFCG Board & Officers
As of SEC filings through Sep 30, 2026Directors 5
- Alexander C Frank · since Mar 18, 2021
- Leonard M Tannenbaum · since Mar 18, 2021
- Robert L Levy · since Mar 18, 2021
- Thomas L Harrison · since Mar 18, 2021
- Marnie Migatz Sudnow · since Jan 31, 2022
Officers 4
- Daniel Neville · Chief Executive Officer · since Nov 13, 2023
- Robyn Tannenbaum · President and CIO · listed since Feb 2025
- Brandon Hetzel · CFO and Treasurer · since Mar 17, 2023
- Peter Sattelmair · Pfo · since Mar 16, 2026
10% owners 1
- Leonard M Tannenbaum · since Mar 18, 2021
Changes in the last 10 years (31)
| Mar 16, 2026 | Peter Sattelmair became Pfo |
| Feb 27, 2025 | Robyn Tannenbaum listed as President and CIO (previously President) in SEC filings |
| Feb 27, 2025 | Leonard M Tannenbaum no longer listed as Executive Chairman; CIO in SEC filings |
| May 20, 2024 | The company announced the departure of Jodi Hanson Bond from the board in an SEC filing |
| May 20, 2024 | The company announced the departure of James C. Fagan from the board in an SEC filing |
| Jan 25, 2024 | Leonard M Tannenbaum listed as Executive Chairman; CIO (previously Chief Executive Officer) in SEC filings |
| Nov 13, 2023 | Daniel Neville became Chief Executive Officer |
| Sep 11, 2023 | The company announced the departure of Jonathan Gilbert Kalikow from the board in an SEC filing |
| Jun 13, 2023 | James C. Fagan became a director |
| Mar 17, 2023 | The company announced the departure of Brett Kaufman as CFO and Treasurer in an SEC filing |
| Mar 17, 2023 | Brandon Hetzel became CFO and Treasurer |
| Mar 9, 2023 | Robyn Tannenbaum listed as President (previously Managing Director) in SEC filings |
| Jan 5, 2023 | Jonathan Gilbert Kalikow listed as Head of Real Estate (previously Managing Director) in SEC filings |
| Nov 11, 2022 | The company announced the departure of Tomer Tzur from the board in an SEC filing |
| May 13, 2022 | Jonathan Gilbert Kalikow listed as Managing Director (previously Head of Real Estate) in SEC filings |
| Jan 31, 2022 | Marnie Migatz Sudnow became a director |
| Aug 2, 2021 | Brett Kaufman became CFO and Treasurer |
| Mar 25, 2021 | Jonathan Gilbert Kalikow no longer listed as a 10% owner in SEC filings |
| Mar 18, 2021 | Tomer Tzur became a director |
| Mar 18, 2021 | Thomas L Harrison became a director |
| Mar 18, 2021 | Thomas Geoffroy became CFO and Treasurer |
| Mar 18, 2021 | Robyn Tannenbaum became Managing Director |
| Mar 18, 2021 | Robert L Levy became a director |
| Mar 18, 2021 | Leonard M Tannenbaum became a director |
| Mar 18, 2021 | Leonard M Tannenbaum became a 10% owner |
| Mar 18, 2021 | Leonard M Tannenbaum became Chief Executive Officer |
| Mar 18, 2021 | Jonathan Gilbert Kalikow became a director |
| Mar 18, 2021 | Jonathan Gilbert Kalikow became a 10% owner |
| Mar 18, 2021 | Jonathan Gilbert Kalikow became Head of Real Estate |
| Mar 18, 2021 | Jodi Hanson Bond became a director |
| Mar 18, 2021 | Alexander C Frank became a director |
Not reported recently (2)
- Jonathan Gilbert Kalikow · Last reported as Head of Real Estate in an SEC filing dated Feb 14, 2023
- Thomas Geoffroy · Last reported as CFO and Treasurer in an SEC filing dated Mar 25, 2021
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-11-05 | Earnings results | EDGAR |
| 2026-09-29 | Material agreement · New debt obligation | EDGAR |
| 2026-09-15 | Regulation FD disclosure | EDGAR |
| 2026-08-26 | Regulation FD disclosure | EDGAR |
| 2026-08-13 | Earnings results | EDGAR |
| 2026-06-30 | Material agreement · New debt obligation | EDGAR |
| 2026-06-18 | Regulation FD disclosure | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.64
TTM Revenue
—
TTM Net Income
$-13.68M
TTM Op. Cash Flow
$13.58M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | — | $11.43M | $0.49 | $6.27M |
| Q4 '25 | 2025-12-31 | — | $545.12K | $0.04 | $-560.88K |
| Q3 '25 | 2025-09-30 | — | $-12.49M | $-0.57 | $6.11M |
| Q2 '25 | 2025-06-30 | — | $-13.16M | $-0.60 | $1.76M |
| Q1 '25 | 2025-03-31 | — | $4.07M | $0.18 | $3.92M |
| Q4 '24 | 2024-12-31 | — | $-1.44M | $-0.07 | $2.22M |
| Q3 '24 | 2024-09-30 | — | $1.38M | $0.06 | $2.64M |
| Q2 '24 | 2024-06-30 | — | $16.45M | $0.80 | $10.32M |
| Q1 '24 | 2024-03-31 | — | $-54.12K | $-0.01 | $6.37M |
| Q4 '23 | 2023-12-31 | — | $-9.25M | $-0.45 | $6.24M |
| Q3 '23 | 2023-09-30 | — | $7.91M | $0.39 | $5.46M |
| Q2 '23 | 2023-06-30 | — | $12.14M | $0.59 | $5.15M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-07
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
0.42
P/S
—
EV/EBITDA
—
EV/Sales
—
ROE
-7.4%
ROA
-3.5%
Div Yield
11.17%
FCF Yield
17.56%
Debt/Equity
0.41
Current Ratio
—
Market Cap
$77.36M
as of 2026-11-09
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
660.21K
SI % of Float
4.84%
Days to Cover
10.77
Short Vol Ratio
69.6%
Free Float
13.63M
Float %
60.1%
Short interest 2026-10-15 • Short volume 2026-11-09 • Float 2026-09-17