Shares of Asta Funding (ASFI) traded down $0.35 during trading on Thursday, hitting $7.40. The stock had a trading volume of 8,264 shares, compared to its average volume of 14,962. The company has a market capitalization of $51.33, a price-to-earnings ratio of -82.22 and a beta of 0.38. Asta Funding has a 12 month low of $6.15 and a 12 month high of $10.35.
A hedge fund recently raised its stake in Asta Funding stock. Vanguard Group Inc. increased its stake in shares of Asta Funding, Inc. (NASDAQ:ASFI) by 1.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,347 shares of the business services provider’s stock after acquiring an additional 630 shares during the period. Vanguard Group Inc. owned about 0.52% of Asta Funding worth $282,000 as of its most recent filing with the SEC. 16.68% of the stock is owned by institutional investors.
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About Asta Funding
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.
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