LM Funding America, Inc. (NASDAQ:LMFA) Short Interest Down 52.9% in May

LM Funding America, Inc. (NASDAQ:LMFA) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 212,191 shares, a decrease of 52.9% from the May 14th total of 450,080 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 703,053 shares, the short-interest ratio is currently 0.3 days.

LM Funding America Trading Down 1.2%

LMFA traded down $0.00 during midday trading on Friday, reaching $0.21. The company’s stock had a trading volume of 524,202 shares, compared to its average volume of 500,598. The company has a fifty day simple moving average of $0.25 and a 200 day simple moving average of $0.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.13 and a current ratio of 1.13. LM Funding America has a twelve month low of $0.18 and a twelve month high of $5.14.

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

Analyst Ratings Changes

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

Insider Activity at LM Funding America

In related news, CFO Richard D. Russell acquired 131,600 shares of the stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $0.22 per share, with a total value of $28,952.00. Following 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 15.03% of the company’s stock.

Institutional Trading of LM Funding America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMFA. Anson Funds Management LP acquired a new stake in LM Funding America in the 3rd quarter valued at approximately $1,608,000. Sabby Management LLC acquired a new stake in LM Funding America in the 3rd quarter valued at approximately $728,000. Armistice Capital LLC grew its holdings in 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 last quarter. Citadel Advisors LLC acquired a new stake in LM Funding America in the 3rd quarter valued at approximately $139,000. Finally, Jane Street Group LLC lifted its position in shares of LM Funding America by 782.6% in the 4th quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 110,297 shares during the period. Institutional investors and hedge funds 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.