LM Funding America (NASDAQ:LMFA) CFO Richard Russell Buys 131,600 Shares of Stock

LM Funding America, Inc. (NASDAQ:LMFA) CFO Richard Russell acquired 131,600 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of $0.22 per share, for a total transaction of $28,952.00. Following the completion of the acquisition, the chief financial officer directly owned 244,147 shares in the company, valued at $53,712.34. The trade was a 116.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LM Funding America Price Performance

Shares of LMFA opened at $0.22 on Thursday. The firm has a market cap of $3.84 million, a price-to-earnings ratio of -0.10 and a beta of 2.33. The stock has a 50 day moving average of $0.28 and a 200-day moving average of $0.49. The company has a current ratio of 1.13, a quick ratio of 1.18 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.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings data on Wednesday, May 13th. The financial services provider reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.00 million.

Analyst Upgrades and Downgrades

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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

Hedge Funds Weigh In On LM Funding America

Several large investors have recently added to or reduced their stakes in the company. Anson Funds Management LP bought a new stake in shares of LM Funding America in the 3rd quarter valued at approximately $1,608,000. Sabby Management LLC bought a new stake in LM Funding America during the 3rd quarter worth approximately $728,000. Armistice Capital LLC grew its position in 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 acquiring an additional 152,171 shares during the last quarter. Jane Street Group LLC grew its position 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 worth $55,000 after acquiring an additional 110,297 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in LM Funding America during 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.