LM Funding America (NASDAQ:LMFA) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

LM Funding America, Inc. (NASDAQ:LMFA)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.26 and traded as low as $0.2260. LM Funding America shares last traded at $0.2387, with a volume of 324,866 shares trading hands.

Wall Street Analyst Weigh In

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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.00.

LM Funding America Price Performance

The stock has a fifty day moving average price of $0.26 and a 200-day moving average price of $0.43. The firm has a market capitalization of $4.14 million, a PE ratio of -0.11 and a beta of 2.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.13 and a current ratio of 1.13.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Activity

In related news, CFO Richard D. Russell purchased 131,600 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $0.22 per share, for a total transaction of $28,952.00. Following the acquisition, the chief financial officer owned 244,147 shares of the company’s stock, valued at $53,712.34. The trade was a 116.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.03% of the company’s stock.

Institutional Trading of LM Funding America

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in shares of LM Funding America in the 2nd quarter worth $54,000. Jane Street Group LLC boosted its position in shares of 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 worth $55,000 after purchasing an additional 110,297 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of LM Funding America in the 3rd quarter worth $70,000. Two Sigma Investments LP acquired a new stake in shares of LM Funding America in the 3rd quarter worth $100,000. Finally, Citadel Advisors LLC acquired a new stake in shares of LM Funding America in the 3rd quarter worth $139,000. 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.