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. The Personal injury claims segment includes the operations of its subsidiary, Pegasus Funding, LLC. The Structured settlements segment includes the operations of CBC Settlement Funding, LLC (CBC). The GAR Disability Advocates segment includes the operations of GAR Disability Advocates, LLC (GAR Disability Advocates). GAR Disability Advocates is a social security benefit and disability advocacy group.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Corporate Financial Services - NEC
- Sub-Industry: Consumer Finance
- Symbol: NASDAQ:ASFI
- CUSIP: 04622010
- Web: www.astafunding.com
Capitalization:- Market Cap: $46.59 million
- Outstanding Shares: 6,562,000
Average Prices:- 50 Day Moving Avg: $7.55
- 200 Day Moving Avg: $8.41
- 52 Week Range: $6.15 - $11.97
P/E:- Trailing P/E Ratio: 124.56
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $52.17 million
- Price / Sales: 0.89
- Book Value: $18.31 per share
- Price / Book: 0.39
Profitability:- EBIDTA: $5.55 million
- Net Margins: 3.08%
- Return on Equity: 1.01%
- Return on Assets: 0.68%
Debt:- Debt-to-Equity Ratio: 0.70%
Misc:- Average Volume: 16,878 shs.
- Beta: 0.45
- Short Ratio: 2.01
Frequently Asked Questions for Asta Funding (NASDAQ:ASFI)
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 announced that its Board of Directors has approved a share buyback plan on Sunday, April 9th 2017, which permits the company to repurchase 5,310,000 shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through a tender offer. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.
How were Asta Funding's earnings last quarter?
Asta Funding, Inc. (NASDAQ:ASFI) announced its quarterly earnings data on Friday, May, 26th. The company reported ($0.57) EPS for the quarter. The company 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%. View Asta Funding's Earnings History.
When will Asta Funding make its next earnings announcement?
Who are some of Asta Funding's key competitors?
Some companies that are related to Asta Funding include Sotherly Hotels (SOHO), American River Bankshares (AMRB), GSV Capital Corp (GSVC), Harvest Capital Credit Corporation (HCAP), Five Oaks Investment Corp. (OAKS), Atlantic American Corporation (AAME), Real Industry (RELY), Eagle Bancorp Montana (EBMT), Patriot National Bancorp (PNBK), Anchor Bancorp (ANCB), Porter Bancorp (PBIB), GWG Holdings (GWGH), Medallion Financial Corp. (MFIN), Manning & Napier (MN), Patriot National (PN), Conifer Holdings (CNFR), Unico American Corporation (UNAM) and Manhattan Bridge Capital (LOAN).
Who are Asta Funding's key executives?
Asta Funding's management team includes the folowing people:
- Gary Stern, Chairman of the Board, President, Chief Executive Officer
- Ricky Stern, Senior Vice President
- Seth Berman Esq., Chief Compliance Officer, General Counsel
- David S. Slackman, Lead Independent Director
- Louis A. Piccolo, Director
- Edward A. Celano, Independent Director
- Harvey Leibowitz, Independent Director
- Mark Levenfus, Independent Director
How do I buy Asta Funding stock?
Shares of Asta Funding can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Asta Funding's stock price today?
One share of Asta Funding stock can currently be purchased for approximately $7.10.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Asta Funding (NASDAQ:ASFI) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for Asta Funding (NASDAQ:ASFI)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Asta Funding (NASDAQ:ASFI)Earnings History by Quarter for Asta Funding (NASDAQ ASFI)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/7/2017 | | | | | | | N/A |  |
| 5/26/2017 | Q2 2017 | | ($0.57) | | $8.27 million | View | N/A | |
| 2/9/2017 | Q1 2017 | | ($0.06) | | $10.45 million | View | N/A | |
| 12/14/2015 | Q415 | | $0.08 | | $12.71 million | View | Listen | |
| 8/10/2015 | Q315 | | $0.01 | | $10.03 million | View | Listen | |
| 8/20/2014 | Q3 2014 | | $1.39 | | $36.27 million | View | N/A | |
| 2/10/2014 | Q114 | | $0.18 | | | View | N/A | |
| 12/12/2013 | Q4 | | $0.16 | | | View | Listen | |
| 8/9/2013 | Q3 2013 | | $0.30 | | | View | N/A | |
| 5/9/2013 | Q2 2013 | | $0.07 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Asta Funding (NASDAQ:ASFI)Current Year EPS Consensus Estimate: $0.73 EPS
Dividend History by Quarter for Asta Funding (NASDAQ ASFI)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 12/17/2012 | special | $0.08 | | 12/20/2012 | 12/24/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Asta Funding (NASDAQ:ASFI)Insider Ownership Percentage: 21.80%
Institutional Ownership Percentage: 16.14%
Insider Trades by Quarter for Asta Funding (NASDAQ:ASFI)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 6/13/2017 | Mark Levenfus | Director | Buy | 3,000 | $7.13 | $21,390.00 | |
| 2/23/2017 | Ricky Stern | Insider | Buy | 471,086 | $10.35 | $4,875,740.10 | |
| 5/12/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 1,903,274 | $10.34 | $19,679,853.16 | |
| 3/10/2016 | Harvey Leibowitz | Director | Sell | 2,000 | $8.07 | $16,140.00 | |
| 2/29/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 1,800 | $7.15 | $12,870.00 | |
| 2/25/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 324,600 | $7.00 | $2,272,200.00 | |
| 2/16/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 1,200 | $7.61 | $9,132.00 | |
| 2/12/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 1,800 | $7.41 | $13,338.00 | |
| 2/11/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 6,652 | $7.46 | $49,623.92 | |
| 2/9/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 5,557 | $7.19 | $39,954.83 | |
| 2/8/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 1,100 | $7.19 | $7,909.00 | |
| 2/4/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 255,573 | $7.25 | $1,852,904.25 | |
| 2/3/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 500 | $7.33 | $3,665.00 | |
| 2/2/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 12,100 | $7.31 | $88,451.00 | |
| 1/13/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 1,800 | $8.00 | $14,400.00 | |
| 1/12/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 4,400 | $7.97 | $35,068.00 | |
| 1/8/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 2,800 | $7.73 | $21,644.00 | |
| 1/7/2016 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 17,933 | $7.73 | $138,622.09 | |
| 12/31/2015 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 13,143 | $7.97 | $104,749.71 | |
| 12/30/2015 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 4,700 | $8.00 | $37,600.00 | |
| 12/29/2015 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 7,093 | $8.02 | $56,885.86 | |
| 12/28/2015 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 3,530 | $7.87 | $27,781.10 | |
| 12/24/2015 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 6,300 | $7.82 | $49,266.00 | |
| 12/22/2015 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 1,259 | $7.68 | $9,669.12 | |
| 12/15/2015 | Mangrove Partners Fund (Cayman | Major Shareholder | Buy | 44,350 | $8.07 | $357,904.50 | |
| 2/19/2014 | Robert J Michel | CFO | Sell | 10,000 | $8.28 | $82,800.00 | |
| 9/16/2013 | Seth Berman | General Counsel | Sell | 7,000 | $8.60 | $60,200.00 | |
| 5/22/2013 | Mary L Curtin | SVP | Sell | 25,000 | $8.80 | $220,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Asta Funding (NASDAQ:ASFI)
Latest Headlines for Asta Funding (NASDAQ:ASFI)
| Source: |
|
| Date | Headline |
|---|
 | ETFs with exposure to Asta Funding, Inc. : July 13, 2017
finance.yahoo.com - July 13 at 4:54 PM |
| ETFs with exposure to Asta Funding, Inc. : June 19, 2017
finance.yahoo.com - June 19 at 3:45 PM |
| Featured Company News - WEX Announces an Agreement with GasBuddy; Set to Expand the Retail Gasoline
finance.yahoo.com - June 16 at 4:21 PM |
| Asta Funding, Inc. :ASFI-US: Earnings Analysis: Q2, 2017 By the Numbers : June 16, 2017
finance.yahoo.com - June 16 at 4:21 PM |
 | Asta Funding, Inc. (ASFI) Director Purchases $21,390.00 in Stock
www.americanbankingnews.com - June 15 at 1:20 PM |
| Asta Funding, Inc. (ASFI) Cut to "D+" at TheStreet
www.americanbankingnews.com - June 1 at 2:22 PM |
| Asta Funding, Inc. Announces Receipt of Nasdaq Compliance Letter
finance.yahoo.com - May 30 at 9:02 PM |
| Asta Funding, Inc. (ASFI) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 29 at 9:30 AM |
 | Asta Funding's (ASFI) CEO Gary Stern on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - May 27 at 3:48 PM |
| Edited Transcript of ASFI earnings conference call or presentation 26-May-17 1:30pm GMT
finance.yahoo.com - May 27 at 1:59 AM |
| Asta Funding Announces Results for the Second Quarter Ended March 31, 2017
finance.yahoo.com - May 26 at 3:56 PM |
| Asta Funding reports 2Q loss
finance.yahoo.com - May 26 at 3:56 PM |
| Asta Funding, Inc. Announces Receipt of Nasdaq Non-Compliance Letter
finance.yahoo.com - May 24 at 9:42 AM |
| Asta Funding, Inc. Announces Decision to Restate First Quarter 2017
finance.yahoo.com - May 16 at 12:32 PM |
| Asta Funding, Inc: Management Is Focused On Increasing Shareholder Value
seekingalpha.com - May 14 at 10:11 AM |
| Asta Funding (ASFI) Earning Somewhat Positive Press Coverage, Analysis Finds
www.americanbankingnews.com - May 1 at 12:39 PM |
| Asta Funding (ASFI) Earning Somewhat Favorable News Coverage, Study Finds
www.americanbankingnews.com - April 28 at 9:04 AM |
| Asta Funding (ASFI) Receives Media Sentiment Score of 0.35
www.americanbankingnews.com - April 22 at 12:55 PM |
| Asta Funding (ASFI) Getting Favorable News Coverage, Report Shows
www.americanbankingnews.com - April 16 at 9:32 AM |
| Asta Funding (ASFI) Receives Daily Media Impact Score of 0.25
www.americanbankingnews.com - April 13 at 2:14 PM |
| CBC Settlement Funding Completes BBRVII 2017--Private Placement Note Offering
finance.yahoo.com - April 10 at 8:39 PM |
| Asta Funding (ASFI) Board Initiates Stock Buyback Plan
www.americanbankingnews.com - April 9 at 8:19 AM |
| ASTA FUNDING INC Files SEC form 8-K, Changes in Registrant's Certifying Accountant
biz.yahoo.com - March 16 at 10:09 PM |
| Asta Funding, Inc. Announces Final Results of its Tender Offer
finance.yahoo.com - February 22 at 8:40 PM |
| Asta Funding, Inc. Announces Preliminary Results of its Tender Offer
finance.yahoo.com - February 16 at 8:44 PM |
| Edited Transcript of ASFI earnings conference call or presentation 9-Feb-17 2:00pm GMT
finance.yahoo.com - February 10 at 1:50 AM |
 | Asta Funding Announces Results for The First Quarter Ended December 31, 2016
us.rd.yahoo.com - February 9 at 8:48 PM |
| Asta Funding reports 1Q loss
finance.yahoo.com - February 9 at 3:45 PM |
| Asta Funding, Inc. Extends Tender Offer Until 11:59 p.m., February 15, 2017
finance.yahoo.com - February 2 at 3:42 PM |
 | Asta Funding, Inc. (ASFI) Commences 5.3M Share Tender Offer for Its Common Stock
www.streetinsider.com - January 21 at 8:39 PM |
| Asta Funding, Inc. Announces Commencement of Tender Offer to Purchase Up to 5,314,009 Shares of its Common Stock
finance.yahoo.com - January 19 at 4:44 PM |
| ASTA FUNDING INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - January 19 at 4:44 PM |
| 9:17 am Asta Funding reaches an agreement with Mangrove Partners where Asta Funding will commence an issuer tender offer to all shareholders to repurchase 5,314,009 shares at $10.35/share
us.rd.yahoo.com - January 10 at 2:30 AM |
 | Asta Funding Reaches Agreement with Mangrove Partners
www.nasdaq.com - January 9 at 4:29 PM |
| Asta Funding, Inc. (ASFI) Agrees To Tender 5,314,009 Shares At $10.35, Mangrove Partners To Tender All Shares In Offer
www.streetinsider.com - January 9 at 4:29 PM |
| ASTA FUNDING INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Amendments to Articles of Inc. or By
biz.yahoo.com - January 9 at 4:29 PM |
| ASTA FUNDING INC Financials
finance.yahoo.com - December 20 at 3:54 PM |
| ASTA FUNDING INC Files SEC form 8-K, Results of Operations and Financial Condition
us.rd.yahoo.com - December 16 at 1:31 AM |
| Asta Funding's (ASFI) CEO Gary Stern on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - December 15 at 2:24 AM |
| Edited Transcript of ASFI earnings conference call or presentation 14-Dec-16 3:00pm GMT
finance.yahoo.com - December 15 at 2:24 AM |
| Asta Funding Announces Results for The Fourth Quarter and Fiscal Year Ended September 30, 2016
us.rd.yahoo.com - December 14 at 4:22 PM |
| ASTA FUNDING INC Files SEC form 8-K, Termination of a Material Definitive Agreement
biz.yahoo.com - November 29 at 4:37 PM |
| 4:14 pm Asta Funding announces the formation of a wholly owned subsidiary Simia Capital, to expand its personal injury claims funding business
finance.yahoo.com - November 15 at 9:53 PM |
| ASTA FUNDING INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Principal Off
biz.yahoo.com - November 15 at 9:53 PM |
| ASTA FUNDING INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure
biz.yahoo.com - August 17 at 3:38 PM |
 | Asta Funding posts 3Q profit
www.cnbc.com - August 11 at 12:52 PM |
| Edited Transcript of ASFI earnings conference call or presentation 9-Aug-16 2:00pm GMT
finance.yahoo.com - August 9 at 10:12 PM |
| ASTA FUNDING INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - July 11 at 5:31 PM |
| CBC Settlement Funding Completes BBRVI 2016-A Private Placement Note Offering
finance.yahoo.com - July 11 at 5:12 PM |
| ASTA FUNDING INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
biz.yahoo.com - May 26 at 5:12 PM |
Asta Funding (ASFI) Chart for Sunday, July, 23, 2017
