Insider Buying: LM Funding America (NASDAQ:LMFA) CFO Purchases $28,952.00 in Stock

LM Funding America, Inc. (NASDAQ:LMFA) CFO Richard Russell acquired 131,600 shares of LM Funding America stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $0.22 per share, with a total value of $28,952.00. Following the purchase, the chief financial officer directly owned 244,147 shares of the company’s stock, valued at approximately $53,712.34. This trade represents a 116.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

LM Funding America Stock Up 5.0%

Shares of NASDAQ LMFA opened at $0.25 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. LM Funding America, Inc. has a 52 week low of $0.18 and a 52 week high of $5.14. The firm has a 50-day moving average price of $0.27 and a 200 day moving average price of $0.48. The stock has a market capitalization of $4.34 million, a price-to-earnings ratio of -0.11 and a beta of 2.33.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings data on Wednesday, May 13th. The financial services provider reported ($0.47) EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.11 million during the quarter, compared to analyst estimates of $3.00 million.

Institutional Trading of LM Funding America

Several large investors have recently modified their holdings of the business. Armistice Capital LLC increased its stake in shares of LM Funding America by 40.5% during the 4th quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 152,171 shares in the last quarter. Jane Street Group LLC grew its holdings in LM Funding America by 782.6% during the 4th quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after buying an additional 110,297 shares during the last quarter. Citadel Advisors LLC acquired a new stake in LM Funding America during the 3rd quarter valued at $139,000. Anson Funds Management LP purchased a new position in LM Funding America during the third quarter worth $1,608,000. Finally, Two Sigma Investments LP purchased a new position in LM Funding America during the third quarter worth $100,000. 22.73% of the stock is currently owned by institutional investors and hedge funds.

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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.00.

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.