LM Funding America (NASDAQ:LMFA) Stock Passes Below 50-Day Moving Average – Here’s Why

LM Funding America, Inc. (NASDAQ:LMFA) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.50 and traded as low as $0.3123. LM Funding America shares last traded at $0.3267, with a volume of 175,109 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LMFA shares. Wall Street Zen upgraded LM Funding America from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.00.

LM Funding America Stock Performance

The stock has a market cap of $3.99 million, a price-to-earnings ratio of -0.14 and a beta of 2.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock’s 50-day moving average is $0.50 and its 200-day moving average is $1.01.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings results on Friday, November 14th. The financial services provider reported ($0.49) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.49). The company had revenue of $2.44 million for the quarter, compared to analyst estimates of $2.50 million. LM Funding America had a negative return on equity of 30.25% and a negative net margin of 83.44%. Analysts anticipate that LM Funding America, Inc. will post -5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On LM Funding America

A number of institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in shares of LM Funding America in the 3rd quarter valued at $139,000. Two Sigma Investments LP acquired a new position in shares of LM Funding America in the 3rd quarter valued at about $100,000. Armistice Capital LLC grew its holdings in shares of 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 purchasing an additional 87,905 shares during the period. Jane Street Group LLC increased 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 purchasing an additional 110,297 shares in the last quarter. Finally, Anson Funds Management LP purchased a new position in LM Funding America in the third quarter valued at approximately $1,608,000. 22.73% of the stock is currently owned by hedge funds and other 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.