Today’s Filing Alert: Asta Funding Inc Has Another Bullish Trade, Mangrove Partners Master Fund, Ltd Bought Stake!

Today's Filing Alert: Asta Funding Inc Has Another Bullish Trade, Mangrove Partners Master Fund, Ltd Bought Stake!

The New Mangrove Partners Master Fund, Ltd Holding in Asta Funding Inc

Mangrove Partners Master Fund, Ltd filed with the SEC SC 13D/A form for Asta Funding Inc. The form can be accessed here: 000092189516006237. As reported in Mangrove Partners Master Fund, Ltd’s form, the filler as of late owns 33.8% or 4,005,701 shares of the Finance–company.

Asta Funding Inc stake is a new one for the and it was filed because of activity on November 21, 2016. We feel this shows Mangrove Partners Master Fund, Ltd’s positive view for the stock.

Asta Funding Inc Institutional Sentiment

Latest Security and Exchange filings show 27 investors own Asta Funding Inc. The institutional ownership in Q3 2015 is low, at 72.15% of the outstanding shares. This is increased by 4735014 the total institutional shares. 8549308 were the shares owned by these institutional investors. In total 1 funds opened new Asta Funding Inc stakes, 11 increased stakes. There were 5 that closed positions and 9 reduced them.

Denver Investment Advisors Llc is an institutional investor bullish on Asta Funding Inc, owning 19343 shares as of Q3 2015 for 0.01% of its portfolio. First Wilshire Securities Management Inc owns 53978 shares or 0.12% of its portfolio. FL Zpr Investment Management have 0.17% of their stock portfolio for 16001 shares. Further, Rbf Capital Llc reported stake worth 0.61% of its US stock portfolio. The NY Mangrove Partners owns 1189037 shares. Asta Funding Inc is 2.32% of the manager’s US portfolio.

Business Profile

Asta Funding, Inc. is engaged in the business of purchasing, servicing and managing for its own account, 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 GAR disability advocates. The consumer receivables segment is engaged in the business of purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off and semi-performing receivables, in the international sector. The personal injury claims segment includes Pegasus Funding, LLC, which purchases interests in personal injury claims from claimants, who are a party to personal injury litigation. The structured settlements segment consists of the operations of CBC Settlement Funding, LLC. The GAR disability advocates segment provides disability advocacy services throughout the United States.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 0.78 in 2016 Q2. Its up 0.05, from 0.73 in 2016Q1. The ratio is positive, as 8 funds sold all Asta Funding, Inc. shares owned while 7 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 6.58 million shares or 42.73% more from 4.61 million shares in 2016Q1.

Blackrock Fund Advsrs holds 0% or 10,585 shares in its portfolio. Royal Fincl Bank Of Canada has 0% invested in the company for 59,600 shares. Nationwide Fund holds 2,269 shares or 0% of its portfolio. Vanguard Incorporated last reported 276,074 shares in the company. Blackrock Limited Co has invested 0% of its portfolio in Asta Funding, Inc. (NASDAQ:ASFI). Moreover, Walleye Trading Limited Liability has 0% invested in Asta Funding, Inc. (NASDAQ:ASFI) for 400 shares. Blackrock Institutional Trust Communication Na has 0% invested in the company for 285,682 shares. Newtyn Mngmt Lc has invested 0.62% of its portfolio in Asta Funding, Inc. (NASDAQ:ASFI). Rbf Capital Limited Liability last reported 400,000 shares in the company. Mangrove Prtnrs holds 10.55% of its portfolio in Asta Funding, Inc. (NASDAQ:ASFI) for 4.01 million shares. Tower Research Limited Liability (Trc) accumulated 0% or 3,417 shares. The New York-based Renaissance Llc has invested 0% in Asta Funding, Inc. (NASDAQ:ASFI). Northern Tru Corp accumulated 0% or 16,367 shares. Susquehanna Int Ltd Liability Partnership, a Pennsylvania-based fund reported 18,706 shares. Blackrock Invest Management Limited Co accumulated 647 shares or 0% of the stock.

Analysts await Asta Funding, Inc. (NASDAQ:ASFI) to report earnings on December, 12.

About 2,500 shares traded hands. Asta Funding, Inc. (NASDAQ:ASFI) has declined 10.50% since April 21, 2016 and is downtrending. It has underperformed by 15.83% the S&P500.

Asta Funding, Inc. is engaged in the business of purchasing, servicing and managing for its own account, distressed consumer receivables, including charged off receivables and semi-performing receivables. The company has a market cap of $103.65 million. The Firm operates through four divisions: consumer receivables, personal injury claims, structured settlements and GAR disability advocates. It has a 26.02 P/E ratio. The consumer receivables segment is engaged in the business of purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off and semi-performing receivables, in the international sector.

More notable recent Asta Funding, Inc. (NASDAQ:ASFI) news were published by: Streetinsider.com which released: “Mangrove Boosts Tender Price for Asta Funding, Inc. (ASFI) by 5.6%” on April 15, 2016, also Globenewswire.com with their article: “Asta Funding, Inc. Agrees in Principle to Purchase Remaining 20% Interest in …” published on December 17, 2015, Prnewswire.com published: “Mangrove Announces Waiver of Condition of Tender Offer of Asta Funding, Inc.” on April 05, 2016. More interesting news about Asta Funding, Inc. (NASDAQ:ASFI) were released by: Seekingalpha.com and their article: “Mangrove Partners Acquires 33% Of Asta Funding” published on May 17, 2016 as well as Globenewswire.com‘s news article titled: “Asta Funding, Inc.’s Board of Directors Rejects Unsolicited Tender Offer” with publication date: April 01, 2016.

According to Zacks Investment Research, “Asta Funding, Inc. is a consumer finance company specializing in the business of purchasing, selling and servicing retail automobile installment contracts originated by dealers in the sale primarily of used automobiles. Through its purchases, the company provides indirect financing to borrowers with limited credit histories, lower than average incomes or past credit problems.”

ASFI Company Profile

Asta Funding, Inc., incorporated on August 2, 1995, together with its subsidiaries, is engaged in several business divisions in the financial services industry, and the business of purchasing, servicing and managing for its own account, distressed consumer receivables, including charged off receivables and semi-performing receivables. The Firm operates through four divisions: consumer receivables, personal injury claims, structured settlements and GAR disability advocates. The consumer receivables segment is engaged in the business of purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off and semi-performing receivables, in the international sector. The personal injury claims segment includes Pegasus Funding, LLC (Pegasus), a subsidiary of the Company, purchases interests in personal injury claims from claimants, who are a party to personal injury litigation. The structured settlements segment consists of the activities of CBC Settlement Funding, LLC (CBC). The GAR disability advocates segment provides disability advocacy services throughout the United States.

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