Geode Capital Management LLC has recently announced that it has increased stake in LM Funding America Inc (NASDAQ:LMFA) by 13.16%. After grabbing 0.21 million shares, the institutional investor is now in possession of 24143.0 shares of the Financial Company. The new investment brought the stake of investor firm to 1.42% having worth around $64573.0.
LM Funding America Inc (LMFA) concluded trading on 12/27/23 at a closing price of $0.92, with 4.14 million shares of worth about $3.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.47% during that period and on Wednesday the price saw a gain of about 32.61%. Currently the company’s common shares owned by public are about 13.09M shares, out of which, 10.82M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 9 times over the past 12 months. They bought 2,935,900 shares in 7 of the transactions. In 2 selling transactions, insiders dumped 7,593 shares.
Fidelity Nasdaq Composite Index E, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in LM Funding America Inc Fidelity Nasdaq Composite Index E is currently holding 0.1 million shares of worth totaling $31787.0. The company recently came buying 1442.0 shares which brought its stake up to 0.70% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 69173.0 shares, have now control over 0.47% of the stake in the company. It holds 0.0 shares of worth $21513.0.
LM Funding America Inc (NASDAQ: LMFA) started trading at $0.72, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 0.9673, or with a gain of 32.61%. Stock saw a price change of 132.17% in past 5 days and over the past one month there was a price change of 194.21%. Year-to-date (YTD), LMFA shares are showing a performance of 65.76% which increased to 37.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.27 but also hit the highest price of $1.48 during that period. The average intraday trading volume for LM Funding America Inc shares is 765.16K. The stock is currently trading 143.71% above its 20-day simple moving average (SMA20), while that difference is up 141.60% for SMA50 and it goes to 50.21% higher than SMA200.
Geode Capital Management LLC acquired 0.21 million shares of LM Funding America Inc having value of about $64573.0. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 24143.0 shares in the company valued at close to $22211.56, or have control over 13.16% stake in the company. LM Funding America Inc (NASDAQ: LMFA) currently have 13.09M outstanding shares and institutions hold larger chunk of about 8.45% of that. Holding of mutual funds in the company is about 11.89% while other institutional holders and individual stake holders have control over 2.09% and 0.85% of the stake respectively.
The stock has a current market capitalization of $13.40M and its 3Y-monthly beta is at 1.24. It has posted earnings per share of -$2.59 in the same period. It has a debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LMFA, volatility over the week remained 22.99% while standing at 17.61% over the month.
Analysts are in expectations that LM Funding America Inc (LMFA) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.56% while it is estimated to decrease by -19.88% in next year.
Analysts at 1 brokerage firms have issued recommendations for the LM Funding America Inc (LMFA)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
