LM Funding America (NASDAQ:LMFA) Shares Gap Down to $2.45

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LM Funding America, Inc. (NASDAQ:LMFA)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $2.45, but opened at $2.28. LM Funding America shares last traded at $1.91, with a volume of 146,723 shares traded.

Separately, ValuEngine downgraded shares of LM Funding America from a “hold” rating to a “sell” rating in a research report on Saturday, January 9th.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 17.05 and a current ratio of 17.05. The firm’s 50-day simple moving average is $0.87 and its two-hundred day simple moving average is $0.88.

A hedge fund recently bought a new stake in LM Funding America stock. Virtu Financial LLC bought a new position in shares of LM Funding America, Inc. (NASDAQ:LMFA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 112,964 shares of the financial services provider’s stock, valued at approximately $74,000. Virtu Financial LLC owned about 0.73% of LM Funding America at the end of the most recent quarter. 1.93% of the stock is owned by institutional investors.

About LM Funding America (NASDAQ:LMFA)

LM Funding America, Inc, through its subsidiary, LM Funding, LLC, operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments.

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