LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 97.1% in July

LM Funding America, Inc. (NASDAQ:LMFA) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 33,273 shares, a drop of 97.1% from the June 30th total of 1,161,168 shares. Based on an average trading volume of 62,035 shares, the short-interest ratio is currently 0.5 days. Approximately 5.6% of the shares of the company are sold short.

Insider Buying and Selling at LM Funding America

In other LM Funding America news, CFO Richard D. Russell purchased 5,264 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $28,952.00. Following the purchase, the chief financial officer directly owned 9,765 shares of the company’s stock, valued at $53,707.50. The trade was a 116.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LM Funding America

A number of institutional investors have recently modified their holdings of LMFA. Armistice Capital LLC raised its holdings in shares of LM Funding America by 40.5% in the 4th quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock valued at $234,000 after buying an additional 152,171 shares during the period. Jane Street Group LLC boosted its holdings in 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 valued at $55,000 after acquiring an additional 110,297 shares during the period. Citadel Advisors LLC purchased a new position in LM Funding America during the 3rd quarter valued at about $139,000. Two Sigma Investments LP acquired a new position in LM Funding America in the 3rd quarter valued at about $100,000. Finally, XTX Topco Ltd purchased a new stake in LM Funding America during the second quarter worth about $54,000. 22.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LM Funding America in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, LM Funding America has an average rating of “Hold” and a consensus price target of $125.00.

LM Funding America Stock Performance

The stock’s 50-day simple moving average is $4.51 and its 200-day simple moving average is $7.06. The stock has a market capitalization of $1.91 million, a PE ratio of -0.05 and a beta of 2.40. LM Funding America has a 1 year low of $2.25 and a 1 year high of $128.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 1.13.

LM Funding America (NASDAQ:LMFA) last posted its quarterly earnings data on Friday, May 15th. The financial services provider reported ($11.75) earnings per share 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 company had revenue of $2.11 million for the quarter, compared to analysts’ expectations of $3.00 million.

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.