Key Points
- LM Funding America CFO Richard Russell bought 131,600 shares on May 19 at $0.22 each, increasing his direct stake to 244,147 shares. The purchase was worth about $28,952 and nearly doubled his position.
- The company’s stock was trading around $0.22, near its 52-week low of $0.18 and well below its 52-week high of $5.14. LMFA has a small market cap of about $3.84 million and recently showed weak operating metrics, including a negative earnings report.
- LM Funding America reported a Q1 loss of $0.47 per share, missing estimates, while revenue of $2.11 million also fell short of forecasts. Analyst sentiment remains mixed, with a consensus rating of Hold and a price target of $5.00.
LM Funding America, Inc. (NASDAQ:LMFA - Get Free Report) CFO Richard Russell acquired 131,600 shares of the firm's stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of $0.22 per share, for a total transaction of $28,952.00. Following the completion of the transaction, the chief financial officer directly owned 244,147 shares in the company, valued at approximately $53,712.34. The trade was a 116.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
LM Funding America Stock Down 0.6%
Shares of LMFA opened at $0.22 on Thursday. The firm has a market capitalization of $3.84 million, a price-to-earnings ratio of -0.10 and a beta of 2.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 1.13. The business's fifty day moving average price is $0.28 and its two-hundred day moving average price is $0.49. LM Funding America, Inc. has a 52 week low of $0.18 and a 52 week high of $5.14.
LM Funding America (NASDAQ:LMFA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The financial services provider reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.16). The company had revenue of $2.11 million during the quarter, compared to analyst estimates of $3.00 million. LM Funding America had a negative net margin of 368.68% and a negative return on equity of 102.63%.
Hedge Funds Weigh In On LM Funding America
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Armistice Capital LLC grew its holdings in LM Funding America by 40.5% during the fourth 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 during the period. Jane Street Group LLC boosted its stake in shares of LM Funding America by 782.6% in the fourth 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 period. Citadel Advisors LLC bought a new stake in shares of LM Funding America in the third quarter valued at approximately $139,000. Anson Funds Management LP bought a new stake in shares of LM Funding America in the third quarter valued at approximately $1,608,000. Finally, Two Sigma Investments LP bought a new stake in LM Funding America during the third quarter worth $100,000. Institutional investors own 22.73% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of LM Funding America in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $5.00.
Check Out Our Latest Research Report on LM Funding America
LM Funding America Company Profile
(
Get Free Report)
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.
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