ASFI Asta Funding Inc.
Asta Funding, Inc. operates as a consumer receivable asset management company. It operates through the following segments: Consumer Receivables, Personal Injury Claims and Social Security Disability Advocacy. The Consumer Receivables segment engages in the business of purchasing, managing for its own account and servicing distressed charged off receivables, including charged off consumer receivables, and semi-performing receivables. The Personal Injury Claims segment holds interest in personal injury claims from claimants who are a party to a personal injury claim. The Social Security Disability Advocacy segment consists of advocacy groups representing individuals throughout the United States in their claims for social security disability and supplemental social security income benefits from the Social Security Administration and Department of Veterans Affairs. The company was founded on July 7, 1994 and is headquartered in Englewood Cliffs, NJ.
Company profile
Ticker
ASFI
Exchange
Website
CEO
Gary M. Stern
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
223388607
ASFI stock data
()
Calendar
29 May 20
8 Aug 20
30 Sep 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 4.05M | 4.66M | 5.11M | 5.3M | |
| Net income | -72K | 1.05M | 1.82M | 2.3M | |
| Diluted EPS | -0.01 | 0.16 | 0.28 | 0.35 | |
| Net profit margin | -1.78% | 22.44% | 35.65% | 43.49% | |
| Net change in cash | 5.83M | -1.15M | 1.41M | -796K | |
| Cash on hand | 8.98M | 3.16M | 4.31M | 2.9M |
| Annual (USD) | Sep 19 | Sep 18 | Sep 17 | Sep 16 | |
|---|---|---|---|---|---|
| Revenue | 23.44M | 26.07M | 21.44M | 22.9M | |
| Net income | 7.18M | 4.59M | -13M | 7.57M | |
| Diluted EPS | 1.08 | 0.69 | -1.5 | 0.61 | |
| Net profit margin | 30.60% | 17.61% | -60.65% | 33.07% | |
| Net change in cash | -1.98M | -11.31M | 11.31M | -13.67M | |
| Cash on hand | 4.31M | 6.28M | 17.59M | 6.28M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 28 Aug 19 | Louis A Piccolo | Common Stock, par value $0.01 per share | Sell | Dispose S | No | 7.259 | 3,000 | 21.78K | 8,000 |
| 19 Aug 19 | Seth Berman | Common Stock, par value $0.01 per share | Sell | Dispose S | No | 8.2768 | 798 | 6.6K | 0 |
| 19 Aug 19 | Seth Berman | Common Stock, par value $0.01 per share | Sell | Dispose S | No | 8.28 | 156 | 1.29K | 798 |
| 19 Aug 19 | Seth Berman | Common Stock, par value $0.01 per share | Sell | Dispose S | No | 8.1405 | 1,146 | 9.33K | 954 |
| 19 Aug 19 | Seth Berman | Common Stock, par value $0.01 per share | Sell | Dispose S | No | 8.2716 | 100 | 827.16 | 2,100 |
| 19 Aug 19 | Seth Berman | Common Stock, par value $0.01 per share | Sell | Dispose S | No | 8.2767 | 300 | 2.48K | 2,200 |
Institutional ownership Q1 2020
15.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 12 |
| Opened positions | 1 |
| Closed positions | 5 |
| Increased positions | 6 |
| Reduced positions | 2 |
13F shares |
Current |
|---|---|
| Total value | 8.36M |
| Total shares | 1.01M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| RBF Capital | 454.21K | $3.75M |
| BLK BlackRock | 278.75K | $2.3M |
| Dimensional Fund Advisors | 84.43K | $701K |
| Vanguard | 76.25K | $629K |
| Bridgeway Capital Management | 53.6K | $445K |
| Geode Capital Management | 39.46K | $327K |
| Renaissance Technologies | 23.71K | $191K |
| UBS UBS | 1.51K | $12K |
| Victory Capital Management | 410 | $3K |
| Tower Research Capital | 38 | $0 |
Content analysis
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| Constraining | ||
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| Readability |
H.S. freshman Avg
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New words:
abeyance, abroad, adjudicated, adjudication, announced, announcement, backlog, budget, budgeted, Bulletin, buyout, Chairman, confidence, confidentiality, COVID, created, curb, daily, deductible, delay, difficult, diligence, diminished, disinterested, disruption, drastically, duration, earlier, emerged, energy, enumerated, evolution, evolving, factor, family, forgiven, fulfill, global, governmental, greatest, Health, hinder, housing, indirectly, interpretive, judiciously, light, listed, met, missed, mitigate, Nasdaq, notified, outbreak, pandemic, Parent, Paycheck, payroll, persist, perspective, platform, political, pose, PPP, predictor, premature, Protection, purport, quantify, Quantifying, RBF, recommendation, rely, reopening, resource, Ricky, SAB, satisfaction, scope, Select, sentiment, shelter, situation, Small, spread, stay, surviving, temporarily, threshold, travel, trend, unanimously, unclear, understanding, understated, unemployment, varying, volatility, warranted, withdraw, workforce, world, worsen
Removed:
amendment, audit, automatically, borrowed, conform, consideration, developing, final, hand, obligation, paying, permanent, recent, reclassified, released, remote, repayment, require, RFA, trained, voluntary
Financial reports
10-Q
2020 Q2
Quarterly report
29 May 20
NT 10-Q
Notice of Late Quarterly Filing
18 May 20
10-Q
2020 Q1
Quarterly report
21 Feb 20
NT 10-Q
Notice of Late Quarterly Filing
18 Feb 20
10-K/A
2019 FY
Annual report (amended)
27 Jan 20
10-K
2019 FY
Annual report
20 Dec 19
10-Q
2019 Q3
Quarterly report
13 Aug 19
10-Q
2019 Q2
Quarterly report
13 May 19
10-Q
2019 Q1
Quarterly report
14 Feb 19
10-K/A
2018 FY
Annual report (amended)
25 Jan 19
Current reports
8-K
Asta Funding, Inc. Announces Amendment to Merger Agreement Providing for an Increase in Merger Consideration from $11.47 to $13.10
25 Jun 20
8-K
Asta Funding, Inc. Announces Nasdaq Notifications of Delinquency and Regained Compliance
1 Jun 20
8-K
Asta Funding, Inc. Announces Going Private Transaction
9 Apr 20
8-K
Other Events
1 Nov 19
8-K
Departure of Directors or Certain Officers
16 Sep 19
8-K
Departure of Directors or Certain Officers
22 Aug 19
8-K
Submission of Matters to a Vote of Security Holders
15 Aug 19
8-K
Results of Operations and Financial Condition
13 Aug 19
8-K
Other Events
17 May 19
8-K
Amendments to Articles of Incorporation or Bylaws
16 May 19
Registration and prospectus
SC 13E3/A
Going private transaction (amended)
24 Jul 20
SC 13E3
Going private transaction
7 May 20
8-A12B
Registration of securities on exchange
5 May 17
SC TO-I/A
Issuer tender offer statement (amended)
22 Feb 17
SC TO-I/A
Issuer tender offer statement (amended)
16 Feb 17
SC TO-I/A
Issuer tender offer statement (amended)
2 Feb 17
SC TO-C
Information about tender offer
19 Jan 17
SC TO-I
Issuer tender offer statement
19 Jan 17
SC TO-C
Information about tender offer
9 Jan 17
SC TO-I/A
Issuer tender offer statement (amended)
13 May 16
Proxies
PRER14A
Preliminary revised proxy
24 Jul 20
DEFA14A
Additional proxy soliciting materials
25 Jun 20
PREM14A
Preliminary proxy related to merger
7 May 20
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEF 14A
Definitive proxy
3 Jul 19
DEF 14A
Definitive proxy
29 Oct 18
DEF 14A
Definitive proxy
14 Apr 17
DEFR14A
Revised proxy
2 Feb 16
DEF 14A
Definitive proxy
28 Jan 16
DEF 14A
Definitive proxy
14 Aug 15
Other
CORRESP
Correspondence with SEC
2 Feb 17
UPLOAD
Letter from SEC
31 Jan 17
CORRESP
Correspondence with SEC
3 May 16
UPLOAD
Letter from SEC
25 Apr 16
CORRESP
Correspondence with SEC
5 Apr 16
UPLOAD
Letter from SEC
5 Apr 16
UPLOAD
Letter from SEC
23 Mar 16
CORRESP
Correspondence with SEC
13 Oct 15
UPLOAD
Letter from SEC
13 Oct 15
CORRESP
Correspondence with SEC
3 Sep 15
Ownership
SC 13D/A
ASTA FUNDING / STERN GARY ownership change
26 Jun 20
SC 13D/A
ASTA FUNDING / RBF Capital ownership change
26 Jun 20
SC 13D
ASTA FUNDING / RBF Capital ownership change
22 May 20
SC 13D
ASTA FUNDING / RBF Capital ownership change
21 Apr 20
SC 13D
ASTA FUNDING / STERN GARY ownership change
15 Apr 20
3
ASTA FUNDING / Steven Leidenfrost ownership change
31 Jan 20
SC 13G/A
Asta Funding Inc
2 Dec 19
SC 13D/A
Beneficial ownership report (amended)
22 Nov 19
SC 13D/A
Beneficial ownership report (amended)
22 Nov 19
SC 13D/A
Beneficial ownership report (amended)
1 Nov 19