Asta Funding, Inc. (NASDAQ:ASFI) Director Mark Levenfus acquired 3,000 shares of Asta Funding stock in a transaction that occurred on Tuesday, June 13th. The shares were purchased at an average cost of $7.13 per share, for a total transaction of $21,390.00. Following the purchase, the director now directly owns 3,000 shares in the company, valued at $21,390. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Asta Funding, Inc. (NASDAQ:ASFI) traded up 8.18% on Friday, reaching $8.60. 110,621 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $7.03 and its 200-day moving average price is $8.69. Asta Funding, Inc. has a 52-week low of $6.15 and a 52-week high of $11.97. The stock has a market cap of $56.43 million, a P/E ratio of 150.88 and a beta of 0.52.
Asta Funding (NASDAQ:ASFI) last released its earnings results on Friday, May 26th. The business services provider reported ($0.57) earnings per share for the quarter. The firm had revenue of $8.27 million for the quarter. Asta Funding had a net margin of 3.08% and a return on equity of 1.01%. Equities analysts forecast that Asta Funding, Inc. will post $0.73 EPS for the current fiscal year.
Separately, TheStreet lowered shares of Asta Funding from a “b-” rating to a “c+” rating in a research note on Tuesday, February 28th.
Asta Funding Company Profile
Asta Funding, Inc is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, semi-performing receivables and performing receivables.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/asta-funding-inc-asfi-director-mark-levenfus-buys-3000-shares/1916777.html
Receive News & Ratings for Asta Funding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asta Funding Inc. and related companies with MarketBeat.com's FREE daily email newsletter.