LM Funding America (NASDAQ:LMFA) Shares Down 3%

LM Funding America Inc (NASDAQ:LMFA) shares were down 3% during mid-day trading on Wednesday . The stock traded as low as $0.96 and last traded at $0.97, approximately 2,028 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 330,075 shares. The stock had previously closed at $1.00.

The firm’s fifty day moving average is $1.13 and its 200-day moving average is $1.30. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 0.67.

LM Funding America (NASDAQ:LMFA) last posted its quarterly earnings results on Thursday, May 16th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $0.76 million during the quarter. LM Funding America had a negative net margin of 28.88% and a negative return on equity of 27.08%.

In related news, major shareholder Craven House Capital North Ame purchased 134,309 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $1.28 per share, with a total value of $171,915.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 28.00% of the company’s stock.

An institutional investor recently bought a new position in LM Funding America stock. Geode Capital Management LLC bought a new position in shares of LM Funding America Inc (NASDAQ:LMFA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,394 shares of the financial services provider’s stock, valued at approximately $35,000. Geode Capital Management LLC owned approximately 4.86% of LM Funding America as of its most recent SEC filing. 3.71% of the stock is owned by hedge funds and other institutional investors.

LM Funding America Company Profile (NASDAQ:LMFA)

LM Funding America, Inc, through its subsidiary, LM Funding, LLC, operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments.

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