LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Update

LM Funding America, Inc. (NASDAQ:LMFA) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 212,191 shares, a drop of 52.9% from the May 14th total of 450,080 shares. Based on an average daily trading volume, of 703,053 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.4% of the company’s stock are short sold.

LM Funding America Stock Performance

LM Funding America stock traded down $0.00 during midday trading on Friday, hitting $0.21. 524,202 shares of the company were exchanged, compared to its average volume of 496,910. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.13 and a current ratio of 1.13. LM Funding America has a fifty-two week low of $0.18 and a fifty-two week high of $5.14. The business has a fifty day simple moving average of $0.25 and a two-hundred day simple moving average of $0.40. The firm has a market capitalization of $3.62 million, a PE ratio of -0.10 and a beta of 2.34.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings data on Friday, May 15th. The financial services provider reported ($0.47) EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.11 million during the quarter, compared to analyst estimates of $3.00 million.

Insider Buying and Selling

In other LM Funding America news, CFO Richard D. Russell purchased 131,600 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $0.22 per share, for a total transaction of $28,952.00. Following the completion of the purchase, the chief financial officer owned 244,147 shares in the company, valued at $53,712.34. This represents a 116.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 15.03% of the company’s stock.

Institutional Trading of LM Funding America

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in LM Funding America in the second quarter valued at approximately $54,000. Jane Street Group LLC acquired a new stake in LM Funding America in the second quarter valued at approximately $70,000. GSA Capital Partners LLP acquired a new stake in LM Funding America in the third quarter valued at approximately $70,000. Two Sigma Investments LP acquired a new stake in LM Funding America in the third quarter valued at approximately $100,000. Finally, Armistice Capital LLC grew its holdings in LM Funding America by 28.4% in the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after purchasing an additional 87,905 shares during the period. 22.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.