Asta Funding, Inc., together with its subsidiaries, primarily engages in the consumer receivables business in the United States, Puerto Rico, and South America. It operates through three segments: Consumer Receivables, Personal Injury Claims, and Social Security Disability Advocacy. The Consumer Receivables segment is involved in purchasing, managing, and servicing distressed consumer receivables, including judgment receivables, which are accounts where outside attorneys secure judgments directly against the consumer; charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; and semi-performing receivables that are accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators. 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 funds personal injury settlement claims. The Social Security Disability Advocacy segment 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
Phone201-567-5648
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$21.43 million
Profitability
Miscellaneous
Employees86
OptionableOptionable
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 will Asta Funding's stock buyback program work?
Asta Funding declared that its Board of Directors has approved a share 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 repurchase shares of its stock through a tender offer. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.
How were Asta Funding's earnings last quarter?
Asta Funding, Inc. (NASDAQ:ASFI) released its earnings results on Friday, May, 26th. The business services provider reported ($0.57) earnings per share (EPS) for the quarter. The business services provider had revenue of $8.27 million for the quarter. Asta Funding had a negative net margin of 16.72% and a negative return on equity of 1.01%. View Asta Funding's Earnings History.
Has Asta Funding been receiving favorable news coverage?
News headlines about ASFI stock have been trending somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Asta Funding earned a news impact score of 1.2 on InfoTrie's scale. They also assigned media headlines about the business services provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the stock's share price in the next few days.
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, Pres & CEO (Age 66)
- Mr. Bruce R. Foster CPA, CPA, Chief Accounting Officer, CFO & Exec. VP (Age 59)
- Mr. Seth Berman, Chief Compliance Officer, Sec. & Gen. Counsel (Age 56)
- Mr. Ricky Stern CFP, CIMA, Sr. VP (Age 34)
Who are Asta Funding's major shareholders?
Asta Funding's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.28%). Company insiders that own Asta Funding stock include Mark Levenfus and Ricky Stern. View Institutional Ownership Trends for Asta Funding.
Which institutional investors are selling Asta Funding stock?
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 $4.55.
How big of a company is Asta Funding?
Asta Funding has a market capitalization of $30.42 million and generates $21.43 million in revenue each year. Asta Funding employs 86 workers across the globe.
What is Asta Funding's official website?
How can I contact Asta Funding?
Asta Funding's mailing address is 210 Sylvan Avenue, Englewood Cliffs NJ, 07632. The business services provider can be reached via phone at 201-567-5648.
MarketBeat Community Rating for Asta Funding (NASDAQ 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.
