LM Funding America (NASDAQ:PWCM) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of LM Funding America (NASDAQ:PWCM) to a strong sell rating in a report released on Tuesday.

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

LM Funding America Trading Up 16.0%

NASDAQ PWCM opened at $1.23 on Tuesday. LM Funding America has a 12 month low of $1.02 and a 12 month high of $35.75. The stock has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $5.66. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.14 million, a PE ratio of -0.02 and a beta of 2.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in LM Funding America in the second quarter valued at about $54,000. Jane Street Group LLC acquired a new stake in shares of LM Funding America during the second quarter worth about $70,000. Two Sigma Investments LP acquired a new stake in shares of LM Funding America during the third quarter worth about $100,000. Armistice Capital LLC lifted 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 valued at $1,138,000 after purchasing an additional 87,905 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of LM Funding America during the 3rd quarter valued at about $139,000. 22.73% of the stock is currently owned by institutional investors.

About LM Funding America

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.