LM Funding America, Inc. (NASDAQ:PWCM – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.44 and traded as low as $1.09. LM Funding America shares last traded at $1.10, with a volume of 78,303 shares traded.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a report on Wednesday, June 24th. Wall Street Zen cut LM Funding America to a “strong sell” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Get Our Latest Analysis on PWCM
LM Funding America Price Performance
LM Funding America (NASDAQ:PWCM – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The financial services provider reported ($5.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.50) by ($1.76). The firm had revenue of $2.12 million during the quarter, compared to the consensus estimate of $2.30 million. LM Funding America had a negative return on equity of 132.69% and a negative net margin of 413.92%.
Institutional Trading of LM Funding America
A number of hedge funds have recently bought and sold shares of the business. Armistice Capital LLC grew its stake 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 valued at $234,000 after purchasing an additional 152,171 shares during the period. Citadel Advisors LLC purchased a new position in shares of LM Funding America in the 3rd quarter worth about $139,000. Jane Street Group LLC boosted its holdings in shares of 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 worth $55,000 after buying an additional 110,297 shares during the last quarter. Two Sigma Investments LP bought a new position in LM Funding America during the third quarter valued at about $100,000. Finally, XTX Topco Ltd bought a new position in LM Funding America during the second quarter valued at about $54,000. 22.73% of the stock is currently owned by institutional investors.
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.
Further Reading
- Five stocks we like better than LM Funding America
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for LM Funding America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LM Funding America and related companies with MarketBeat.com's FREE daily email newsletter.
