LM Funding America (NASDAQ:LMFA) CFO Richard Russell Buys 131,600 Shares

LM Funding America, Inc. (NASDAQ:LMFA) CFO Richard Russell bought 131,600 shares of LM Funding America stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $0.22 per share, for a total transaction of $28,952.00. Following the completion of the acquisition, the chief financial officer owned 244,147 shares in the company, valued at approximately $53,712.34. The trade was a 116.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

LM Funding America Price Performance

Shares of LM Funding America stock traded down $0.00 during trading hours on Wednesday, reaching $0.22. The company’s stock had a trading volume of 552,733 shares, compared to its average volume of 411,435. The firm has a 50 day moving average price of $0.28 and a 200-day moving average price of $0.50. LM Funding America, Inc. has a one year low of $0.18 and a one year high of $5.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 1.18. The stock has a market cap of $3.84 million, a P/E ratio of -0.10 and a beta of 2.33.

LM Funding America (NASDAQ:LMFA) last posted its earnings results on Wednesday, May 13th. The financial services provider reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.16). LM Funding America had a negative return on equity of 102.63% and a negative net margin of 368.68%.The business had revenue of $2.11 million during the quarter, compared to the consensus estimate of $3.00 million.

Hedge Funds Weigh In On LM Funding America

A number of large investors have recently made changes to their positions in LMFA. XTX Topco Ltd purchased a new position in shares of LM Funding America during the 2nd quarter worth about $54,000. Jane Street Group LLC boosted its stake in shares of LM Funding America by 782.6% during 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 during the period. GSA Capital Partners LLP purchased a new position in shares of LM Funding America during the 3rd quarter worth about $70,000. Two Sigma Investments LP purchased a new position in shares of LM Funding America during the 3rd quarter worth about $100,000. Finally, Citadel Advisors LLC purchased a new position in shares of LM Funding America during the 3rd quarter worth about $139,000. 22.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LM Funding America in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.00.

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.