LM Funding America (NASDAQ:LMFA) Receives “Neutral” Rating from HC Wainwright

LM Funding America (NASDAQ:LMFA)‘s stock had its “neutral” rating reissued by equities research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports.

LM Funding America Trading Up 2.4 %

NASDAQ:LMFA opened at $1.27 on Wednesday. The business’s 50-day moving average is $1.65 and its two-hundred day moving average is $2.29. The firm has a market capitalization of $6.52 million, a PE ratio of -0.26 and a beta of 1.55. LM Funding America has a 12 month low of $1.19 and a 12 month high of $6.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.65 and a quick ratio of 3.65.

LM Funding America (NASDAQ:LMFA) last announced its earnings results on Monday, April 7th. The financial services provider reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.67) by ($0.01). The company had revenue of $1.99 million for the quarter, compared to analysts’ expectations of $1.50 million. LM Funding America had a negative net margin of 96.23% and a negative return on equity of 35.84%. Research analysts predict that LM Funding America will post -5.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LM Funding America

An institutional investor recently raised its position in LM Funding America stock. Geode Capital Management LLC grew its holdings in shares of LM Funding America, Inc. (NASDAQ:LMFA) by 18.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,809 shares of the financial services provider’s stock after acquiring an additional 7,978 shares during the period. Geode Capital Management LLC owned about 1.01% of LM Funding America worth $112,000 as of its most recent SEC filing. Institutional investors own 22.73% of the company’s stock.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.