LM Funding America, Inc. (NASDAQ:LMFA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $2.45, but opened at $2.28. LM Funding America shares last traded at $1.91, with a volume of 146,723 shares.

Separately, ValuEngine lowered shares of LM Funding America from a “hold” rating to a “sell” rating in a report on Saturday, January 9th.

The stock’s fifty day moving average price is $0.87 and its 200-day moving average price is $0.88. The company has a current ratio of 17.05, a quick ratio of 17.05 and a debt-to-equity ratio of 0.03.

An institutional investor recently bought a new position in LM Funding America stock. Virtu Financial LLC acquired a new stake in LM Funding America, Inc. (NASDAQ:LMFA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,964 shares of the financial services provider’s stock, valued at approximately $74,000. Virtu Financial LLC owned 0.73% of LM Funding America at the end of the most recent quarter. Institutional investors and hedge funds own 1.93% of the company’s stock.

LM Funding America Company Profile (NASDAQ:LMFA)

LM Funding America, Inc, through its subsidiary, LM Funding, LLC, operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments.

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