Today Asta Funding, Inc. (ASFI) Stock Reaches 52-Week High

Asta Funding, Inc. (NASDAQ:ASFI) Logo

Investors sentiment increased to 1 in 2019 Q1. Its up 0.43, from 0.57 in 2018Q4. It improved, as 2 investors sold Asta Funding, Inc. shares while 2 reduced holdings. 0 funds opened positions while 4 raised stakes. 942,470 shares or 0.23% more from 940,319 shares in 2018Q4 were reported.
Morgan Stanley reported 0% stake. Royal National Bank & Trust Of Canada holds 103 shares. Geode Cap Lc, a Massachusetts-based fund reported 39,457 shares. Vanguard Grp reported 31,509 shares. Susquehanna International Grp Llp owns 25,499 shares. Blackrock holds 0% or 276,630 shares. Tower Capital Ltd Limited Liability Company (Trc) stated it has 0% of its portfolio in Asta Funding, Inc. (NASDAQ:ASFI). Bridgeway Capital reported 83,600 shares stake. Dimensional Fund L P holds 85,159 shares or 0% of its portfolio. Rbf Capital Limited Liability Corp reported 400,000 shares or 0.22% of all its holdings.

The stock of Asta Funding, Inc. (NASDAQ:ASFI) hit a new 52-week high and has $8.63 target or 5.00 % above today’s $8.22 share price. The 7 months bullish chart indicates low risk for the $54.31 million company. The 1-year high was reported on Aug, 14 by Barchart.com. If the $8.63 price target is reached, the company will be worth $2.72M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 10.66% or $0.79 during the last trading session, reaching $8.22. About 25,181 shares traded or 142.13% up from the average. Asta Funding, Inc. (NASDAQ:ASFI) has risen 100.82% since August 14, 2018 and is uptrending. It has outperformed by 100.82% the S&P500.

More notable recent Asta Funding, Inc. (NASDAQ:ASFI) news were published by: Forbes.com which released: “Debt Collection Stocks Enjoying a Pretty Good Quarter – Forbes Digital Download” on June 15, 2012, also Seekingalpha.com with their article: “Asta Funding surges after continued listing plan accepted by Nasdaq – Seeking Alpha” published on September 06, 2018, Seekingalpha.com published: “Buybacks: A Controversial Method Of Returning Capital To Shareholders – Seeking Alpha” on July 08, 2012. More interesting news about Asta Funding, Inc. (NASDAQ:ASFI) were released by: Nasdaq.com and their article: “Asta Funding Announces Results for The Third Quarter Ended June 30, 2019 – Nasdaq” published on August 13, 2019 as well as Seekingalpha.com‘s news article titled: “My Top Consumer Finance Stocks For 2015 – Seeking Alpha” with publication date: March 10, 2015.

Asta Funding, Inc., together with its subsidiaries, engages in the consumer receivable business in the United States. The company has market cap of $54.31 million. The firm operates through four divisions: Consumer Receivables, Personal Injury Claims, Structured Settlements, and GAR Disability Advocacy. It has a 6.28 P/E ratio. The Consumer Receivables segment involved in the purchase, management, and servicing distressed consumer receivables, including charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; semi-performing receivables, including accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators; and performing receivables comprising accounts where the debtor is making regular monthly payments that might or might not have been delinquent in the past.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.