LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Update

LM Funding America, Inc. (NASDAQ:LMFA) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 212,191 shares, a decline of 52.9% from the May 14th total of 450,080 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 703,053 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LM Funding America in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.00.

LM Funding America Trading Down 1.2%

NASDAQ LMFA traded down $0.00 on Friday, reaching $0.21. 524,202 shares of the company were exchanged, compared to its average volume of 496,910. The business’s fifty day moving average price is $0.25 and its 200 day moving average price is $0.40. The stock has a market capitalization of $3.62 million, a P/E ratio of -0.10 and a beta of 2.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.10. LM Funding America has a fifty-two week low of $0.18 and a fifty-two week high of $5.14.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings data on Friday, May 15th. The financial services provider reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.16). The company had revenue of $2.11 million for the quarter, compared to analyst estimates of $3.00 million. LM Funding America had a negative return on equity of 102.63% and a negative net margin of 368.68%.

Insider Activity

In other news, CFO Richard D. Russell purchased 131,600 shares of the stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of $0.22 per share, with a total value of $28,952.00. Following the completion of the purchase, the chief financial officer directly owned 244,147 shares of the company’s stock, valued at approximately $53,712.34. The trade was a 116.93% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 15.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LM Funding America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Armistice Capital LLC boosted its stake in LM Funding America by 40.5% during the fourth quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock worth $234,000 after buying an additional 152,171 shares during the last quarter. Jane Street Group LLC raised its position in LM Funding America by 782.6% in the fourth quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 110,297 shares during the period. Citadel Advisors LLC purchased a new stake in LM Funding America in the third quarter valued at $139,000. Anson Funds Management LP purchased a new stake in LM Funding America in the third quarter valued at $1,608,000. Finally, Two Sigma Investments LP purchased a new stake in LM Funding America in the third quarter valued at $100,000. Institutional investors and hedge funds 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.