LM Funding America (NASDAQ:LMFA) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

LM Funding America, Inc. (NASDAQ:LMFA)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.25 and traded as low as $0.1980. LM Funding America shares last traded at $0.2111, with a volume of 280,852 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 assigned a Sell rating to the company. According to MarketBeat.com, LM Funding America presently has a consensus rating of “Hold” and a consensus price target of $5.00.

LM Funding America Price Performance

The firm has a 50 day simple moving average of $0.25 and a 200-day simple moving average of $0.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.66 million, a PE ratio of -0.10 and a beta of 2.34.

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

Insider Buying and Selling

In other LM Funding America news, CFO Richard D. Russell purchased 131,600 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $0.22 per share, for a total transaction of $28,952.00. Following the completion of the purchase, the chief financial officer owned 244,147 shares in the company, valued at $53,712.34. This represents a 116.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 15.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in LM Funding America during the 2nd quarter valued at approximately $54,000. Jane Street Group LLC purchased a new stake in LM Funding America during the 2nd quarter valued at about $70,000. GSA Capital Partners LLP purchased a new stake in LM Funding America during the 3rd quarter valued at about $70,000. Two Sigma Investments LP purchased a new stake in LM Funding America during the 3rd quarter valued at about $100,000. Finally, Armistice Capital LLC grew its stake in LM Funding America by 28.4% during the 2nd quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after purchasing an additional 87,905 shares during the last quarter. Institutional investors and hedge funds own 22.73% of the company’s stock.

LM Funding America Company Profile

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.