LM Funding America (NASDAQ:LMFA) Shares Pass Below Fifty Day Moving Average – Here’s Why

Shares of LM Funding America, Inc. (NASDAQ:LMFA) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.32 and traded as low as $0.2613. LM Funding America shares last traded at $0.2648, with a volume of 984,617 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.00.

LM Funding America Price Performance

The company has a 50-day moving average price of $0.32 and a two-hundred day moving average price of $0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $4.11 million, a PE ratio of -0.09 and a beta of 2.43.

LM Funding America (NASDAQ:LMFA) last announced its earnings results on Friday, March 27th. The financial services provider reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.98). The company had revenue of $2.37 million for the quarter, compared to analysts’ expectations of $2.80 million. LM Funding America had a negative net margin of 304.39% and a negative return on equity of 80.72%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Anson Funds Management LP purchased a new position in shares of LM Funding America in the third quarter valued at $1,608,000. Sabby Management LLC acquired a new position in LM Funding America in the 3rd quarter worth $728,000. Armistice Capital LLC lifted its holdings in LM Funding America by 40.5% in the 4th quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock worth $234,000 after buying an additional 152,171 shares in the last quarter. Jane Street Group LLC boosted its position in LM Funding America by 782.6% in the 4th quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after buying an additional 110,297 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in LM Funding America in the 3rd quarter valued at about $139,000. 22.73% of the stock is owned by institutional investors and hedge funds.

LM Funding America Company Profile

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.