LM Funding America Inc
NASDAQ:LMFA
LMFA's latest stock split occurred on Mar 12, 2024
The company executed a 1-for-6 stock split, meaning that for every 6 shares held, investors received 1 new share.
Before the split, LMFA traded at 0.5655 per share. Afterward, the share price was about 3.26.
The adjusted shares began trading on Mar 12, 2024. This was LMFA's 3rd stock split, following the previous one in May 7, 2021.
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LM Funding America Inc
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LM Funding America, Inc. is a specialty finance company. The company is headquartered in Tampa, Florida and currently employs 8 full-time employees. The company went IPO on 2015-12-08. The firm offers incorporated nonprofit community associations (Associations), a range of financial products customized to each Association's financial needs. Its products include Original Product and New Neighbor Guaranty. Its Original Product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. The firm offers the New Neighbor Guaranty, wherein an Association assigns its indebtedness and accruals on its delinquent units to it in exchange for payments in an amount equal to the regular ongoing monthly or quarterly assessments for delinquent units when those amounts would be due to the Association.
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