LM Funding America (NASDAQ:PWCM) Downgraded by Wall Street Zen to Strong Sell

LM Funding America (NASDAQ:PWCM) was downgraded by stock analysts at Wall Street Zen to a “strong sell” rating in a research report issued on Tuesday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, LM Funding America has a consensus rating of “Sell”.

LM Funding America Price Performance

NASDAQ PWCM traded down $0.15 during trading on Tuesday, hitting $1.17. 711,946 shares of the company’s stock were exchanged, compared to its average volume of 211,153. The company has a market cap of $1.09 million, a PE ratio of -0.02 and a beta of 2.43. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.10. LM Funding America has a fifty-two week low of $1.12 and a fifty-two week high of $35.75. The stock’s 50 day moving average price is $3.21 and its two-hundred day moving average price is $5.80.

Hedge Funds Weigh In On LM Funding America

A number of institutional investors and hedge funds have recently modified their holdings of PWCM. XTX Topco Ltd acquired a new stake in shares of LM Funding America during the 2nd quarter worth approximately $54,000. Jane Street Group LLC bought a new position in shares of LM Funding America during the 2nd quarter worth about $70,000. Two Sigma Investments LP acquired a new stake in shares of LM Funding America in the 3rd quarter valued at about $100,000. Citadel Advisors LLC bought a new stake in LM Funding America in the 3rd quarter valued at about $139,000. Finally, Armistice Capital LLC raised its stake in LM Funding America by 28.4% during the 2nd quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 87,905 shares during the period. 22.73% of the stock is currently owned by institutional investors.

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.