January 25, 2020

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 – , 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 () for the quarter. Equities research analysts predict that Asta Funding, Inc. will post $0.73 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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