LM Funding America (NASDAQ:LMFA) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

LM Funding America, Inc. (NASDAQ:LMFAGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.25 and traded as low as $0.1980. LM Funding America shares last traded at $0.2111, with a volume of 280,852 shares trading hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on LMFA

LM Funding America Trading Up 0.4%

The firm has a market cap of $3.66 million, a price-to-earnings ratio of -0.10 and a beta of 2.34. The company has a fifty day moving average price of $0.25 and a 200-day moving average price of $0.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.10.

LM Funding America (NASDAQ:LMFAGet Free Report) last issued its quarterly earnings data on Friday, May 15th. The financial services provider reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.16). The company had revenue of $2.11 million during the quarter, compared to analyst estimates of $3.00 million. LM Funding America had a negative net margin of 368.68% and a negative return on equity of 102.63%.

Insider Buying and Selling at LM Funding America

In other news, CFO Richard D. Russell bought 131,600 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $0.22 per share, with a total value of $28,952.00. Following the acquisition, the chief financial officer directly owned 244,147 shares in the company, valued at $53,712.34. This trade represents a 116.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LM Funding America

Several institutional investors have recently made changes to their positions in LMFA. XTX Topco Ltd purchased a new position in shares of LM Funding America during the 2nd quarter valued at approximately $54,000. Armistice Capital LLC increased its holdings in shares of LM Funding America by 28.4% during the 2nd quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after purchasing an additional 87,905 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of LM Funding America during the 2nd quarter valued at about $70,000. GSA Capital Partners LLP acquired a new stake in shares of LM Funding America during the 3rd quarter valued at about $70,000. Finally, Sabby Management LLC acquired a new stake in shares of LM Funding America during the 3rd quarter valued at about $728,000. 22.73% of the stock is owned by hedge funds and other institutional investors.

About LM Funding America

(Get Free Report)

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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