December 6, 2021

Mangrove Partners Fund (Cayman Acquires 255,573 Shares of Asta Funding, Inc. (ASFI) Stock

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timthumb.phpBy Doug Madison From Financial Market News

February 9th, 2016 – Asta Funding, Inc. (NASDAQ:ASFI) major shareholder Mangrove Partners Fund (Cayman purchased 255,573 shares of the business’s stock in a transaction on Thursday, February 4th. The stock was acquired at an average cost of $7.25 per share, with a total value of $1,852,904.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Mangrove Partners Fund (Cayman also recently made the following trade(s):

On Wednesday, February 3rd, Mangrove Partners Fund (Cayman purchased 500 shares of Asta Funding stock. The stock was acquired at an average cost of $7.33 per share, with a total value of $3,665.00.
zOn Tuesday, February 2nd, Mangrove Partners Fund (Cayman purchased 12,100 shares of Asta Funding stock. The stock was acquired at an average cost of $7.31 per share, with a total value of $88,451.00.
Asta Funding, Inc. (NASDAQ:ASFI) traded up 1.26% during mid-day trading on Monday, reaching $7.25. The company’s stock had a trading volume of 11,256 shares. The stock’s 50 day moving average is $7.74 and its 200 day moving average is $8.31. Asta Funding, Inc. has a 12 month low of $6.88 and a 12 month high of $9.38. The company has a market cap of $87.51 million and a price-to-earnings ratio of 48.33.

Asta Funding (NASDAQ:ASFI) last released its quarterly earnings data on Monday, December 14th. The company reported $0.08 earnings per share (EPS) for the quarter. Equities research analysts predict that Asta Funding, Inc. will post $0.73 EPS for the current year.

Asta Funding, Inc is engaged in the business of purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, and semi-performing receivables. The Company operates through four segments: Consumer receivables, Personal injury claims, structured settlements and disability advocacy.

For more on this story go to: http://www.financial-market-news.com/mangrove-partners-fund-cayman-acquires-255573-shares-of-asta-funding-inc-asfi-stock/810240/

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