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

LM Funding America (NASDAQ:LMFAGet Free Report)‘s stock had its “neutral” rating reiterated by investment analysts at HC Wainwright in a note issued to investors on Wednesday, Benzinga reports.

LM Funding America Stock Down 6.1 %

NASDAQ LMFA opened at $3.22 on Wednesday. LM Funding America has a one year low of $1.63 and a one year high of $8.22. The company has a 50-day simple moving average of $3.07 and a 200-day simple moving average of $2.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LM Funding America stock. Renaissance Technologies LLC acquired a new stake in LM Funding America, Inc. (NASDAQ:LMFAFree Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,003 shares of the financial services provider’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned approximately 0.11% of LM Funding America at the end of the most recent reporting period. Institutional investors and hedge funds own 22.73% of the company’s stock.

About LM Funding America

(Get Free Report)

LM Funding America, Inc operates as a cryptocurrency mining and technology-based specialty finance company. It engages in Bitcoin mining operations. The company also provides funding to nonprofit community associations primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois.

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