Asta Funding, Inc. (NASDAQ:ASFI) Insider Seth Berman Sells 2,500 Shares
Asta Funding, Inc. (NASDAQ:ASFI) insider Seth Berman sold 2,500 shares of Asta Funding stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.21, for a total transaction of $20,525.00. Following the transaction, the insider now owns 2,200 shares in the company, valued at approximately $18,062. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NASDAQ:ASFI opened at $8.29 on Thursday. The firm’s fifty day simple moving average is $7.56 and its 200 day simple moving average is $5.91. Asta Funding, Inc. has a twelve month low of $2.80 and a twelve month high of $8.71.
Separately, ValuEngine lowered shares of Asta Funding from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
Asta Funding, Inc, together with its subsidiaries, primarily engages in the consumer receivables business in the United States, Puerto Rico, and South America. It operates through three segments: Consumer Receivables, Personal Injury Claims, and Social Security Disability Advocacy. The Consumer Receivables segment is involved in purchasing, managing, and servicing distressed consumer receivables, including judgment receivables, which are accounts where outside attorneys secure judgments directly against the consumer; charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; and semi-performing receivables that are accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators.
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