Asta Funding, Inc. (NASDAQ:ASFI) announced a special dividend on Wednesday, February 7th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 5.30 per share by the business services provider on Wednesday, February 28th. This represents a yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Asta Funding’s previous special dividend of $0.08.
Shares of Asta Funding (NASDAQ:ASFI) traded up $0.35 during trading on Wednesday, reaching $10.60. 112,150 shares of the company’s stock were exchanged, compared to its average volume of 19,498. The firm has a market capitalization of $67.89, a P/E ratio of -117.78 and a beta of 0.33. Asta Funding has a 12-month low of $6.15 and a 12-month high of $11.40.
An institutional investor recently raised its position in Asta Funding stock. Vanguard Group Inc. boosted its position in shares of Asta Funding, Inc. (NASDAQ:ASFI) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,347 shares of the business services provider’s stock after buying an additional 630 shares during the period. Vanguard Group Inc. owned approximately 0.52% of Asta Funding worth $282,000 at the end of the most recent quarter. 16.61% of the stock is currently owned by institutional investors and hedge funds.
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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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