Asta Funding, Inc., together with its subsidiaries, engages in the consumer receivable business in the United States. The company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements, and GAR Disability Advocacy. The Consumer Receivables segment involved in the purchase, management, and servicing distressed consumer receivables, including charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; semi-performing receivables, including accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators; and performing receivables comprising accounts where the debtor is making regular monthly payments that might or might not have been delinquent in the past. Its distressed consumer receivables include MasterCard, Visa, and other credit card accounts, which were charged-off by the issuers or providers for non-payment. The Personal Injury Claims segment invests in funding personal injury claims. The Structured Settlements segment purchases periodic structured settlements and annuity policies from individuals in exchange for a lump sum payment. The GAR Disability Advocacy segment obtains and represents individuals in their claims for social security disability and supplemental security income benefits from the social security administration. Asta Funding, Inc. was founded in 1994 and is headquartered in Englewood Cliffs, New Jersey.
Industry, Sector and Symbol
Industry Short-term business credit
Sub-IndustryConsumer Finance
SectorFinance
SymbolNASDAQ:ASFI
CUSIP04622010
Phone201-567-5648
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio177.50
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$58.71 million
Price / Sales0.40
Cash Flow$0.7044 per share
Price / Cash5.04
Book Value$15.37 per share
Price / Book0.23
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
EmployeesN/A
Outstanding Shares6,620,000
Asta Funding (NASDAQ:ASFI) Frequently Asked Questions
What is Asta Funding's stock symbol?
Asta Funding trades on the NASDAQ under the ticker symbol "ASFI."
How often does Asta Funding pay dividends? What is the dividend yield for Asta Funding?
Asta Funding declared a special dividend on Wednesday, February 7th. Shareholders of record on Friday, February 16th will be paid a dividend of $5.30 per share on Wednesday, February 28th. This represents a yield of 0.5%. The ex-dividend date is Thursday, March 1st. This is an increase from Asta Funding's previous special dividend of $0.08. View Asta Funding's Dividend History.
How will Asta Funding's stock buyback program work?
Asta Funding announced that its board has approved a stock buyback program on Sunday, April 9th 2017, which authorizes the company to buyback 5,310,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through a tender offer. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
How were Asta Funding's earnings last quarter?
Asta Funding, Inc. (NASDAQ:ASFI) released its quarterly earnings data on Friday, May, 26th. The business services provider reported ($0.57) EPS for the quarter. The business services provider earned $8.27 million during the quarter. View Asta Funding's Earnings History.
Who are some of Asta Funding's key competitors?
Who are Asta Funding's key executives?
Asta Funding's management team includes the folowing people:
- Mr. Gary Stern, Chairman, Chief Exec. Officer and Pres (Age 65)
- Mr. Bruce R. Foster CPA, Chief Financial Officer (Age 58)
- Mr. Seth Berman Esq., Chief Compliance Officer, Gen. Counsel and Sec. (Age 55)
- Mr. Ricky Stern CFP, CIMA, Sr. VP, CEO of Gar Disability Advocates LLC and Pres of Gar Disability Advocates LLC (Age 33)
Has Asta Funding been receiving favorable news coverage?
Press coverage about ASFI stock has trended positive recently, Accern Sentiment reports. Accern scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Asta Funding earned a news sentiment score of 0.36 on Accern's scale. They also gave media stories about the business services provider an impact score of 45.50 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
How do I buy shares of Asta Funding?
Shares of ASFI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Asta Funding's stock price today?
One share of ASFI stock can currently be purchased for approximately $3.55.
How big of a company is Asta Funding?
Asta Funding has a market capitalization of $23.51 million and generates $58.71 million in revenue each year.
How can I contact Asta Funding?
Asta Funding's mailing address is 210 Sylvan Ave, Englewood Cliffs NJ, 07632. The business services provider can be reached via phone at 201-567-5648.
MarketBeat Community Rating for Asta Funding (ASFI)
MarketBeat's community ratings are surveys of what our community members think about Asta Funding and other stocks. Vote "Outperform" if you believe ASFI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASFI will underperform the S&P 500 over the long term. You may vote once every thirty days.
