ASFI Asta Funding
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
14 Aug 20
4 Aug 21
30 Sep 21
Financial summary
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Sep 19 | Sep 18 | Sep 17 | Sep 16 | |
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Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 4.17M | 4.17M | 4.17M | 4.17M | 4.17M | 4.17M |
| Cash burn (monthly) | 1.61M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 21.14M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | -16.98M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -10.6 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 29 Sep 20 | Louis A Piccolo | Common Stock, par value $.01 per share | Sale back to company | Dispose D | No | No | 13.1 | 8,000 | 104.8K | 0 |
| 29 Sep 20 | Louis A Piccolo | Stock Option Common Stock | Sale back to company | Dispose D | No | No | 9.57 | 37,500 | 358.88K | 0 |
| 29 Sep 20 | Louis A Piccolo | Stock Option Common Stock | Sale back to company | Dispose D | No | No | 7.77 | 35,000 | 271.95K | 0 |
| 29 Sep 20 | Louis A Piccolo | Stock Option Common Stock | Sale back to company | Dispose D | No | No | 7.63 | 30,000 | 228.9K | 0 |
| 29 Sep 20 | Seth Berman | Stock Option Common Stock | Sale back to company | Dispose D | No | No | 8.49 | 20,000 | 169.8K | 0 |
| 29 Sep 20 | Seth Berman | Stock Option Common Stock | Sale back to company | Dispose D | No | No | 9.57 | 20,000 | 191.4K | 0 |
| 29 Sep 20 | Seth Berman | Stock Option Common Stock | Sale back to company | Dispose D | No | No | 7.77 | 30,000 | 233.1K | 0 |
| 29 Sep 20 | Seth Berman | Stock Option Common Stock | Sale back to company | Dispose D | No | No | 7.63 | 30,000 | 228.9K | 0 |
| 29 Sep 20 | Stern Ricky | Common Stock, par value $.01 per share | Other | Dispose J | Yes | No | 0 | 30,220 | 0 | 0 |
| 29 Sep 20 | Stern Ricky | Common Stock, par value $.01 per share | Other | Dispose J | Yes | No | 0 | 243,278 | 0 | 0 |
Institutional ownership Q3 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
2.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 3 |
| Opened positions | 0 |
| Closed positions | 16 |
| Increased positions | 0 |
| Reduced positions | 2 |
13F shares |
Current |
|---|---|
| Total value | 2.23M |
| Total shares | 170.58K |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| RBF Capital | 157.18K | $2.06M |
| JBF Capital | 13.3K | $174K |
| Skandinaviska Enskilda Banken AB | 101 | $1K |
Content analysis
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H.S. freshman Avg
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New words:
assignment, Assignor, beneficially, Companyand, contemplated, deficiency, double, downturn, feet, fromtime, lacked, Leumi, maximum, measurementdate, merchandise, merchant, millionoffset, optionsvested, PARTII, recapitalized, reclassed, segregation, Simultaneously, square, stockholder, tenancy, title, toprovide, unchanged, USA, waived
Removed:
domestic, record, variance
Financial reports
10-Q
2020 Q3
Quarterly report
14 Aug 20
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
13 Feb 19
Current reports
8-K
Departure of Directors or Certain Officers
5 Oct 20
8-K
Asta Funding, Inc. Completes Take-Private Transaction
29 Sep 20
8-K
Asta Funding, Inc. Receives Stockholder Approval for Going-Private Transaction
25 Sep 20
8-K
Other Events
18 Sep 20
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
8 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
Registration and prospectus
15-12B
Securities registration termination
13 Oct 20
POS AM
Prospectus update (post-effective amendment)
5 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Oct 20
SC 13E3/A
Going private transaction (amended)
29 Sep 20
25-NSE
Exchange delisting
29 Sep 20
SC 13E3/A
Going private transaction (amended)
25 Aug 20
SC 13E3/A
Going private transaction (amended)
14 Aug 20
Proxies
DEFA14A
Additional proxy soliciting materials
18 Sep 20
DEFM14A
Proxy related to merger
25 Aug 20
PRER14A
Preliminary revised proxy
14 Aug 20
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
8 Apr 20
DEF 14A
Definitive proxy
3 Jul 19
DEF 14A
Definitive proxy
29 Oct 18
DEF 14A
Definitive proxy
13 Apr 17
Other
EFFECT
Notice of effectiveness
9 Oct 20
CORRESP
Correspondence with SEC
1 Feb 17
UPLOAD
Letter from SEC
30 Jan 17
CORRESP
Correspondence with SEC
2 May 16
UPLOAD
Letter from SEC
24 Apr 16
CORRESP
Correspondence with SEC
4 Apr 16
UPLOAD
Letter from SEC
4 Apr 16
UPLOAD
Letter from SEC
22 Mar 16
CORRESP
Correspondence with SEC
12 Oct 15
UPLOAD
Letter from SEC
12 Oct 15
Ownership
4
ASTA FUNDING / DAVID S SLACKMAN ownership change
15 Oct 20
4
ASTA FUNDING / GARY STERN ownership change
1 Oct 20
4
ASTA FUNDING / RICKY STERN ownership change
1 Oct 20
SC 13D/A
ASTA FUNDING / STERN GARY ownership change
1 Oct 20
4
ASTA FUNDING / Seth Berman ownership change
1 Oct 20
4
ASTA FUNDING / Louis A Piccolo ownership change
1 Oct 20
SC 13D/A
ASTA FUNDING / STERN GARY ownership change
26 Aug 20
SC 13D/A
ASTA FUNDING / STERN GARY ownership change
26 Jun 20
SC 13D/A
ASTA FUNDING / RBF Capital ownership change
25 Jun 20
SC 13D
ASTA FUNDING / RBF Capital ownership change
22 May 20