LM Funding America (NASDAQ:LMFA) Stock Price Crosses Below Fifty Day Moving Average of $1.30

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LM Funding America Inc (NASDAQ:LMFA) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.30 and traded as low as $1.22. LM Funding America shares last traded at $1.25, with a volume of 22,034 shares trading hands.

The company has a debt-to-equity ratio of 0.67, a current ratio of 3.93 and a quick ratio of 3.93.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported ($0.25) EPS for the quarter. The company had revenue of $0.77 million for the quarter. LM Funding America had a negative return on equity of 27.08% and a negative net margin of 28.88%.

In related news, major shareholder Craven House Capital North Ame purchased 134,309 shares of LM Funding America stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $1.28 per share, with a total value of $171,915.52. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 28.00% of the company’s stock.

An institutional investor recently bought a new position in LM Funding America stock. Geode Capital Management LLC purchased a new stake in LM Funding America Inc (NASDAQ:LMFA) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 30,394 shares of the financial services provider’s stock, valued at approximately $35,000. Geode Capital Management LLC owned about 4.86% of LM Funding America at the end of the most recent quarter. 3.71% of the stock is owned by institutional investors and hedge funds.

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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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