Asta Funding (NASDAQ:ASFI) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, TheStreet upgraded shares of Asta Funding from a “d+” rating to a “c” rating in a research report on Monday, August 28th.

Asta Funding (NASDAQ:ASFI) traded up $0.65 on Friday, reaching $7.75. 10,394 shares of the company traded hands, compared to its average volume of 6,394. The company has a market capitalization of $49.68, a price-to-earnings ratio of 375.00 and a beta of 0.38. Asta Funding has a one year low of $6.15 and a one year high of $10.35.

A number of large investors have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in Asta Funding during the second quarter worth about $115,000. Vanguard Group Inc. boosted its position in Asta Funding by 1.9% during the second quarter. Vanguard Group Inc. now owns 34,347 shares of the business services provider’s stock worth $282,000 after purchasing an additional 630 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new position in Asta Funding during the second quarter worth about $785,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

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About Asta Funding

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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