LM Funding America, Inc. (NASDAQ:LMFA – Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.83 and traded as low as $1.26. LM Funding America shares last traded at $1.26, with a volume of 7,730 shares trading hands.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a “neutral” rating on shares of LM Funding America in a research note on Friday, November 15th.
Check Out Our Latest Research Report on LMFA
LM Funding America Stock Down 5.3 %
Institutional Inflows and Outflows
An institutional investor recently raised its position in LM Funding America stock. Geode Capital Management LLC grew its position in LM Funding America, Inc. (NASDAQ:LMFA – Free Report) by 18.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,809 shares of the financial services provider’s stock after purchasing an additional 7,978 shares during the quarter. Geode Capital Management LLC owned approximately 1.01% of LM Funding America worth $112,000 at the end of the most recent reporting period. 22.73% of the stock is owned by institutional investors.
About LM Funding America
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.
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