LM Funding America, Inc. (NASDAQ:LMFA) Director Acquires $18,750.00 in Stock

LM Funding America, Inc. (NASDAQ:LMFA – Get Rating) Director Andrew L. Graham bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The stock was acquired at an average price of $1.25 per share, for a total transaction of $18,750.00. Following the completion of the acquisition, the director now directly owns 15,036 shares in the company, valued at $18,795. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ LMFA traded up $0.04 during midday trading on Monday, reaching $1.27. The company’s stock had a trading volume of 19,300 shares, compared to its average volume of 81,773. The company has a 50 day moving average price of $2.34 and a 200 day moving average price of $3.79. LM Funding America, Inc. has a one year low of $1.06 and a one year high of $7.81.

LM Funding America (NASDAQ:LMFA – Get Rating) last released its earnings results on Thursday, March 31st. The financial services provider reported ($1.04) earnings per share for the quarter. The firm had revenue of $0.33 million during the quarter. LM Funding America had a negative return on equity of 31.52% and a negative net margin of 497.21%.

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of LM Funding America by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 164,354 shares of the financial services provider’s stock worth $798,000 after acquiring an additional 20,252 shares in the last quarter. Millennium Management LLC purchased a new position in LM Funding America during the fourth quarter valued at approximately $175,000. Citadel Advisors LLC purchased a new position in LM Funding America during the third quarter valued at approximately $101,000. State Street Corp purchased a new position in LM Funding America during the fourth quarter valued at approximately $91,000. Finally, National Bank of Canada FI purchased a new position in LM Funding America during the fourth quarter valued at approximately $88,000. 6.25% of the stock is currently owned by institutional investors and hedge funds.

Separately, TheStreet downgraded shares of LM Funding America from a “c-” rating to a “d+” rating in a report on Tuesday, April 19th.

About LM Funding America (Get Rating)

LM Funding America, Inc 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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