LM Funding America (NASDAQ:LMFA) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

LM Funding America, Inc. (NASDAQ:LMFA)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.40 and traded as high as $0.4290. LM Funding America shares last traded at $0.3309, with a volume of 1,452,543 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LMFA. Wall Street Zen upgraded LM Funding America from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings restated a “sell (e+)” rating on shares of LM Funding America in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.00.

LM Funding America Stock Down 14.8%

The firm has a market cap of $4.04 million, a P/E ratio of -0.14 and a beta of 2.29. The company’s 50-day simple moving average is $0.40 and its 200 day simple moving average is $0.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in LM Funding America during the second quarter worth approximately $54,000. Jane Street Group LLC lifted its stake 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 valued at $55,000 after purchasing an additional 110,297 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of LM Funding America in the 3rd quarter worth approximately $70,000. Two Sigma Investments LP purchased a new position in shares of LM Funding America in the 3rd quarter worth approximately $100,000. Finally, Citadel Advisors LLC bought a new position in shares of LM Funding America during the 3rd quarter valued at approximately $139,000. Hedge funds and other institutional investors 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.