LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 97.1% in July

LM Funding America, Inc. (NASDAQ:LMFA) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 33,273 shares, a decrease of 97.1% from the June 30th total of 1,161,168 shares. Approximately 5.6% of the shares of the stock are sold short. Based on an average trading volume of 62,035 shares, the days-to-cover ratio is presently 0.5 days.

Insider Activity

In related news, CFO Richard D. Russell bought 5,264 shares of LM Funding America stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $5.50 per share, with a total value of $28,952.00. Following the acquisition, the chief financial officer owned 9,765 shares in the company, valued at $53,707.50. This trade represents a 116.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 15.03% of the company’s stock.

Institutional Trading of LM Funding America

A number of hedge funds have recently added to or reduced their stakes in LMFA. XTX Topco Ltd acquired a new position in shares of LM Funding America during the second quarter worth $54,000. Jane Street Group LLC lifted its stake in shares of LM Funding America by 782.6% in the 4th quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 110,297 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of LM Funding America during the 3rd quarter valued at $100,000. Citadel Advisors LLC acquired a new stake in shares of LM Funding America during the 3rd quarter valued at $139,000. Finally, 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. Institutional investors and hedge funds 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 Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $125.00.

LM Funding America Price Performance

NASDAQ LMFA traded up $0.17 during trading on Friday, hitting $2.77. 919,424 shares of the company’s stock were exchanged, compared to its average volume of 264,171. The company has a market cap of $1.91 million, a PE ratio of -0.05 and a beta of 2.40. 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 $2.25 and a fifty-two week high of $128.50. The stock’s 50 day moving average price is $4.51 and its two-hundred day moving average price is $7.06.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings results on Friday, May 15th. The financial services provider reported ($11.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($7.75) by ($4.00). The company had revenue of $2.11 million for the quarter, compared to the consensus estimate of $3.00 million. LM Funding America had a negative net margin of 368.68% and a negative return on equity of 102.63%.

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.