LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Update

LM Funding America, Inc. (NASDAQ:LMFA) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,161,168 shares, a growth of 202.6% from the June 15th total of 383,718 shares. Based on an average daily trading volume, of 7,863,216 shares, the short-interest ratio is presently 0.1 days. Approximately 7.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a research note on Wednesday, June 24th. One investment 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 company presently has a consensus rating of “Hold” and a consensus target price of $125.00.

LM Funding America Price Performance

LM Funding America stock traded down $0.41 during midday trading on Monday, reaching $2.89. 113,927 shares of the stock traded hands, compared to its average volume of 43,165. The stock’s fifty day moving average is $0.21 and its 200-day moving average is $0.31. LM Funding America has a 12 month low of $2.82 and a 12 month high of $128.50. The stock has a market cap of $50.18 million, a P/E ratio of -1.30 and a beta of 2.40. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.10.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings data on Friday, May 15th. The financial services provider reported ($11.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($7.75) by ($4.00). LM Funding America had a negative return on equity of 102.63% and a negative net margin of 368.68%.The firm had revenue of $2.11 million during the quarter, compared to the consensus estimate of $3.00 million.

Insider Transactions at LM Funding America

In other LM Funding America news, CFO Richard D. Russell purchased 5,264 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of $5.50 per share, with a total value of $28,952.00. Following the completion of the acquisition, the chief financial officer directly owned 9,765 shares in the company, valued at $53,707.50. The trade was a 116.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 15.03% of the company’s stock.

Institutional Investors Weigh In On LM Funding America

Large investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in LM Funding America in the second quarter worth $54,000. Armistice Capital LLC lifted its position in LM Funding America by 28.4% during the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after purchasing an additional 87,905 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of LM Funding America in the 2nd quarter worth $70,000. Two Sigma Investments LP purchased a new position in shares of LM Funding America in the 3rd quarter worth $100,000. Finally, Anson Funds Management LP bought a new stake in shares of LM Funding America in the 3rd quarter worth about $1,608,000. 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.