LM Funding America (NASDAQ:LMFA) Stock Price Down 8.1% – Here’s Why

LM Funding America, Inc. (NASDAQ:LMFA)’s share price traded down 8.1% on Tuesday . The company traded as low as $0.3953 and last traded at $0.4081. 639,290 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 471,473 shares. The stock had previously closed at $0.4440.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of LM Funding America in a research report on Monday, December 29th. Wall Street Zen raised LM Funding America from a “sell” rating to a “hold” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.00.

LM Funding America Price Performance

The stock has a market capitalization of $4.98 million, a P/E ratio of -0.18 and a beta of 1.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50-day simple moving average is $0.70 and its 200-day simple moving average is $1.31.

LM Funding America (NASDAQ:LMFA) last posted its earnings results on Friday, November 14th. The financial services provider reported ($0.49) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.49). The company had revenue of $2.44 million during the quarter, compared to analysts’ expectations of $2.50 million. LM Funding America had a negative net margin of 83.44% and a negative return on equity of 30.25%. As a group, sell-side analysts expect that LM Funding America, Inc. will post -5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On LM Funding America

A number of institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in shares of LM Funding America during the 2nd quarter valued at about $54,000. GSA Capital Partners LLP purchased a new stake in LM Funding America during the third quarter valued at about $70,000. Jane Street Group LLC purchased a new position in shares of LM Funding America in the second quarter worth about $70,000. Two Sigma Investments LP bought a new stake in LM Funding America in the third quarter valued at approximately $100,000. Finally, Citadel Advisors LLC purchased a new stake in LM Funding America during the 3rd quarter valued at $139,000. Institutional investors own 22.73% of the company’s stock.

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.