TheStreet upgraded shares of Asta Funding, Inc. (NASDAQ:ASFI) from a d+ rating to a c rating in a research report released on Monday.

Asta Funding (ASFI) opened at 8.20 on Monday. The company’s 50-day moving average is $7.33 and its 200-day moving average is $7.92. The company’s market cap is $54.31 million. Asta Funding has a 12 month low of $6.15 and a 12 month high of $11.97.

Asta Funding (NASDAQ:ASFI) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.27 EPS for the quarter. The company had revenue of $14.78 million for the quarter. Asta Funding had a net margin of 0.59% and a return on equity of 0.20%. On average, equities research analysts expect that Asta Funding will post $0.73 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new position in shares of Asta Funding during the second quarter valued at approximately $115,000. Vanguard Group Inc. raised its position in shares of Asta Funding by 1.9% in the second quarter. Vanguard Group Inc. now owns 34,347 shares of the business services provider’s stock valued at $282,000 after buying an additional 630 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Asta Funding during the second quarter valued at approximately $785,000. Institutional investors own 17.09% of the company’s stock.

Asta Funding Company Profile

Asta Funding, Inc is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, semi-performing receivables and performing receivables.

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