LM Funding America (NASDAQ:LMFA) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

LM Funding America, Inc. (NASDAQ:LMFA)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Analyst Ratings Changes

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

LM Funding America Stock Down 1.2%

The stock has a market capitalization of $3.62 million, a P/E ratio of -0.10 and a beta of 2.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s fifty day moving average is $0.25 and its two-hundred day moving average is $0.40.

LM Funding America (NASDAQ:LMFA) last issued its earnings results on Friday, May 15th. The financial services provider reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.16). The business had revenue of $2.11 million for the quarter, compared to the consensus estimate of $3.00 million. LM Funding America had a negative return on equity of 102.63% and a negative net margin of 368.68%.

Insider Buying and Selling

In other news, CFO Richard D. Russell acquired 131,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $0.22 per share, with a total value of $28,952.00. Following the purchase, the chief financial officer owned 244,147 shares of the company’s stock, valued at approximately $53,712.34. This trade represents a 116.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 15.03% of the company’s stock.

Hedge Funds Weigh In On LM Funding America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMFA. XTX Topco Ltd acquired a new position in LM Funding America in the 2nd quarter worth approximately $54,000. Jane Street Group LLC lifted its position in 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 in the last quarter. GSA Capital Partners LLP purchased a new stake in LM Funding America in the 3rd quarter worth approximately $70,000. Two Sigma Investments LP purchased a new stake in LM Funding America in the 3rd quarter worth approximately $100,000. Finally, Citadel Advisors LLC purchased a new stake in LM Funding America in the 3rd quarter worth approximately $139,000. Institutional investors and hedge funds 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.