Company did not provide specific financial guidance or outlook for future periods
Overview
US business development company's Q2 total investment income fell from prior qtr
Net investment income was $3.5 mln, or $0.15 per share, down from previous qtr
Company repurchased 839,406 shares, generating $0.17 per share of NAV accretion
Result drivers
Share repurchase impact - Co said repurchasing shares at a discount to NAV generated $0.17 per share of NAV accretion
Selective investment activity - Co said it remained selective in the lower middle-market and prioritized credit quality and risk-adjusted returns
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Advanced Flower Capital Inc is $6.25, about 121.6% above its August 12 closing price of $2.82
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