LM Funding America (NASDAQ:LMFA) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

LM Funding America, Inc. (NASDAQ:LMFA)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.26 and traded as low as $0.2260. LM Funding America shares last traded at $0.2387, with a volume of 324,866 shares traded.

Analyst Ratings Changes

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

LM Funding America Trading Down 2.6%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average of $0.26 and a two-hundred day moving average of $0.43. The stock has a market cap of $4.14 million, a PE ratio of -0.11 and a beta of 2.34.

LM Funding America (NASDAQ:LMFA) last announced its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.16). LM Funding America had a negative net margin of 368.68% and a negative return on equity of 102.63%. The business had revenue of $2.11 million during the quarter, compared to analysts’ expectations of $3.00 million.

Insider Buying and Selling at LM Funding America

In other LM Funding America news, CFO Richard D. Russell purchased 131,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $0.22 per share, for a total transaction of $28,952.00. Following the purchase, the chief financial officer directly owned 244,147 shares in the company, valued at approximately $53,712.34. This trade represents a 116.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LM Funding America

Large investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in LM Funding America during the 2nd quarter worth approximately $54,000. Jane Street Group LLC purchased a new stake in LM Funding America during the 2nd quarter worth approximately $70,000. GSA Capital Partners LLP purchased a new stake in LM Funding America during the 3rd quarter worth approximately $70,000. Two Sigma Investments LP purchased a new stake in LM Funding America during the 3rd quarter worth approximately $100,000. Finally, Citadel Advisors LLC purchased a new stake in LM Funding America during the 3rd quarter worth approximately $139,000. 22.73% of the stock is currently owned by hedge funds and other institutional investors.

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.