LM Funding America (NASDAQ:LMFA) CFO Richard Russell Purchases 131,600 Shares

LM Funding America, Inc. (NASDAQ:LMFA) CFO Richard Russell acquired 131,600 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $0.22 per share, for a total transaction of $28,952.00. Following the completion of the transaction, the chief financial officer directly owned 244,147 shares in the company, valued at approximately $53,712.34. This trade represents a 116.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

LM Funding America Price Performance

Shares of LMFA stock traded down $0.00 on Wednesday, hitting $0.22. 552,733 shares of the stock traded hands, compared to its average volume of 411,435. The firm has a market cap of $3.84 million, a price-to-earnings ratio of -0.10 and a beta of 2.33. LM Funding America, Inc. has a 52 week low of $0.18 and a 52 week high of $5.14. The firm has a 50 day simple moving average of $0.28 and a two-hundred day simple moving average of $0.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 1.18.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings data on Wednesday, May 13th. The financial services provider reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.16). The firm 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%.

Institutional Trading of LM Funding America

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, LM Funding America currently has an average rating of “Hold” and a consensus 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.