LM Funding America (NASDAQ:LMFA) Stock Crosses Above 50 Day Moving Average – Here’s Why

LM Funding America, Inc. (NASDAQ:LMFA) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.40 and traded as high as $0.4290. LM Funding America shares last traded at $0.3309, with a volume of 1,452,543 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a research report on Monday, December 29th. Wall Street Zen upgraded shares of LM Funding America from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LM Funding America presently has an average rating of “Hold” and an average price target of $5.00.

LM Funding America Trading Down 14.8%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $4.04 million, a PE ratio of -0.14 and a beta of 2.29. The stock has a fifty day moving average of $0.40 and a 200 day moving average of $0.80.

Hedge Funds Weigh In On LM Funding America

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of LM Funding America during the second quarter worth $54,000. Jane Street Group LLC increased its holdings in LM Funding America by 782.6% in the 4th quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 110,297 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in LM Funding America in the 3rd quarter worth $70,000. Two Sigma Investments LP purchased a new stake in LM Funding America in the 3rd quarter worth $100,000. Finally, Citadel Advisors LLC bought a new position in shares of LM Funding America during the 3rd quarter valued at about $139,000. Hedge funds and other institutional investors own 22.73% of the company’s stock.

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.