LM Funding America (NASDAQ:PWCM) Stock Rating Lowered by Wall Street Zen

LM Funding America (NASDAQ:PWCM – Get Free Report) was downgraded by equities research analysts at Wall Street Zen to a “strong sell” rating in a report issued on Tuesday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LM Funding America currently has a consensus rating of “Sell”.

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View Our Latest Analysis on PWCM

LM Funding America Stock Down 11.4%

Shares of PWCM traded down $0.15 on Tuesday, reaching $1.17. The company’s stock had a trading volume of 711,946 shares, compared to its average volume of 211,153. LM Funding America has a twelve month low of $1.12 and a twelve month high of $35.75. The stock has a market capitalization of $1.09 million, a PE ratio of -0.02 and a beta of 2.43. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $3.21 and a 200-day moving average of $5.80.

Hedge Funds Weigh In On LM Funding America

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in LM Funding America during the second quarter valued at $54,000. Jane Street Group LLC purchased a new stake in LM Funding America in the second quarter worth $70,000. Two Sigma Investments LP bought a new stake in shares of LM Funding America in the third quarter valued at $100,000. Armistice Capital LLC raised its stake in shares of LM Funding America by 28.4% in the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 87,905 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of LM Funding America during the 3rd quarter valued at $139,000. Hedge funds and other institutional investors own 22.73% of the company’s stock.

LM Funding America Company Profile

(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.

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