Richard Russell Buys 131,600 Shares of LM Funding America (NASDAQ:LMFA) Stock

LM Funding America, Inc. (NASDAQ:LMFAGet Free Report) CFO Richard Russell purchased 131,600 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $0.22 per share, for a total transaction of $28,952.00. Following the acquisition, the chief financial officer owned 244,147 shares of the company’s stock, valued at approximately $53,712.34. The trade was a 116.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LM Funding America Trading Up 7.6%

NASDAQ:LMFA opened at $0.24 on Friday. The company’s 50 day moving average price is $0.27 and its 200-day moving average price is $0.49. LM Funding America, Inc. has a 52 week low of $0.18 and a 52 week high of $5.14. The company has a quick ratio of 1.18, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.13 million, a price-to-earnings ratio of -0.11 and a beta of 2.33.

LM Funding America (NASDAQ:LMFAGet Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The financial services provider reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.16). LM Funding America had a negative net margin of 368.68% and a negative return on equity of 102.63%. The firm had revenue of $2.11 million for the quarter, compared to analysts’ expectations of $3.00 million.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.00.

Get Our Latest Research Report on LM Funding America

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMFA. XTX Topco Ltd bought a new position in LM Funding America during the second quarter valued at approximately $54,000. Jane Street Group LLC lifted its position in LM Funding America by 782.6% during the fourth quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 110,297 shares during the period. GSA Capital Partners LLP bought a new position in LM Funding America during the third quarter valued at approximately $70,000. Two Sigma Investments LP bought a new position in LM Funding America during the third quarter valued at approximately $100,000. Finally, Citadel Advisors LLC bought a new position in LM Funding America during the third quarter valued at approximately $139,000. Institutional investors own 22.73% of the company’s stock.

About LM Funding America

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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.

Further Reading

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