Asta Funding (NASDAQ ASFI) traded down $0.35 during mid-day trading on Thursday, hitting $7.40. 8,264 shares of the company were exchanged, compared to its average volume of 14,962. Asta Funding has a 52-week low of $6.15 and a 52-week high of $10.35. The stock has a market cap of $51.33, a PE ratio of -82.22 and a beta of 0.38.
A hedge fund recently raised its stake in Asta Funding stock. Vanguard Group Inc. increased its position in shares of Asta Funding, Inc. (NASDAQ:ASFI) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,347 shares of the business services provider’s stock after purchasing an additional 630 shares during the period. Vanguard Group Inc. owned approximately 0.52% of Asta Funding worth $282,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.
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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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