Heights Capital Management, Inc. recently announced the acquisition of new stake in LM Funding America Inc. (NASDAQ:LMFA). The institutional investor has increased its shareholding in the Financial company by 562.26% to 0.8 million shares with purchase of 0.68 million shares. This fresh investment now brings its stake to 5.31% valued currently at $1.09 million. In addition, L1 Capital Pty Ltd. raised its holdings by 0.8 million to 0.8 million shares.
With over 1.02 million LM Funding America Inc. (LMFA) shares trading Tuesday and a closing price of $0.63 on the day, the dollar volume was approximately $0.64 million. The shares have shown a negative weekly performance of -11.62% and its price on 09/01/20 lost nearly -4.05%. Currently, there are 14.62M common shares owned by the public and among those 4.21M shares have been available to trade.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in LM Funding America Inc. are Fidelity Nasdaq Composite Index F, Vanguard Extended Market Index Fu, and iShares Core S&P Total US Stock M. Fidelity Nasdaq Composite Index F owns 30394.0 shares of the company’s stock, all valued at over $41336.0. iShares Core S&P Total US Stock M now owns shares totaling to 0.01% of the shares outstanding.
Shares of LM Funding America Inc. (NASDAQ: LMFA) opened at $0.64, down -$0.01 from a prior closing price of $0.65. However, the script later closed the day at $0.63, down -4.05%. The company’s stock has a 5-day price change of -11.62% and -33.33% over the past three months. LMFA shares are trading -19.04% year to date (YTD), with the 12-month market performance down to -27.87% lower. It has a 12-month low price of $0.30 and touched a high of $4.89 over the same period. Currently, 1.02 million shares have been traded, compared to an average intraday trading volume of 2.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -36.41%, -50.38%, and -31.59% respectively.
Institutional ownership of LM Funding America Inc. (NASDAQ: LMFA) shares accounts for 0.70% of the company’s 14.62M shares outstanding. Mutual fund holders own 10.93%, while other institutional holders and individual stakeholders account for 9.08% and 0.34% respectively.
It has a market capitalization of $9.56M and a beta (3y monthly) value of 1.62. The earnings-per-share (ttm) stands at -$0.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.49% over the week and 13.49% over the month.