Asta Funding (ASFI) Rating Lowered to Hold at ValuEngine

ValuEngine lowered shares of Asta Funding (NASDAQ:ASFI) from a buy rating to a hold rating in a research report released on Friday.

Separately, TheStreet lowered Asta Funding from a c rating to a d+ rating in a research report on Wednesday, December 13th.

Asta Funding (NASDAQ ASFI) opened at $7.15 on Friday. Asta Funding has a 52-week low of $6.15 and a 52-week high of $10.35. The firm has a market capitalization of $47.69, a P/E ratio of 360.00 and a beta of 0.35.

An institutional investor recently raised its position in Asta Funding stock. Vanguard Group Inc. raised its holdings in shares of Asta Funding, Inc. (NASDAQ:ASFI) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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. 16.61% of the stock is currently owned by institutional investors.

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Asta Funding Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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