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Advanced Flower Capital Inc. (NASDAQ:AFCG) reported Wednesday that it has repurchased a total of 719,780 shares of its common stock as part of its ongoing buyback program. The timing appears strategic, with shares currently trading at $3.28, just below the $3.50 buyback threshold, and InvestingPro analysis indicating the stock is undervalued relative to its Fair Value. The announcement was made in a press release statement filed with the Securities and Exchange Commission.

The company’s board had previously authorized a program to repurchase up to $5.0 million of its common stock at a price of $3.50 per share or less. Repurchases are made in compliance with applicable company policies and regulatory guidelines, including Rule 10b-18 of the Securities Exchange Act of 1934 and provisions under the Investment Company Act of 1940.

According to the filing, the repurchase program will continue until the company has repurchased $5.0 million of its outstanding shares, or until May 4, 2027, unless amended or extended by the board of directors. The company currently offers a 6.12% dividend yield, making it attractive to income-focused investors. For deeper insights into AFCG’s valuation and financial health, investors can access comprehensive analysis through the company’s InvestingPro Research Report.

Following these repurchases, the company reported that, as of June 17, 2026, the total number of its common shares issued and outstanding is 22,809,064.

This information is based on a press release statement included in the company’s recent SEC filing.

In other recent news, Advanced Flower Capital Inc. reported impressive financial results for the first quarter of 2026, significantly exceeding both earnings and revenue expectations. The company achieved an earnings per share of $0.49, which was 206.25% higher than the projected $0.16. Additionally, revenue reached $9.81 million, surpassing forecasts by 51.62%. These results highlight the company’s strategic transition to a Business Development Company and its expansion into lower middle market lending. Furthermore, Advanced Flower Capital’s Board of Directors declared a quarterly dividend of $0.05 per share for the quarter ending June 30, 2026. The dividend is scheduled to be paid on July 15, 2026, to shareholders of record as of June 30, 2026. This dividend matches the amount declared in the first quarter, indicating consistency in shareholder returns.

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