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
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Asta Funding Acquisition I, LLC • Asta Funding Acquisition II, LLC • Palisades Acquisition I, LLC • Palisades Acquisition II, LLC • Palisades Acquisition IV, LLC • Palisades Collection, LLC • Palisades Acquisition VIII, LLC • Palisades Acquisition IX, LLC • VATIV Recovery Solutions LLC • Palisades Acquisition X, LLC ...
IRS number
223388607
ASFI stock data
Latest filings (excl ownership)
15-12B
Securities registration termination
13 Oct 20
EFFECT
Notice of effectiveness
9 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
8-K
Departure of Directors or Certain Officers
5 Oct 20
SC 13E3/A
Going private transaction (amended)
29 Sep 20
8-K
Asta Funding, Inc. Completes Take-Private Transaction
29 Sep 20
Latest ownership filings
Financial summary
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Annual (USD) | Sep 19 | Sep 18 | Sep 17 | Sep 16 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.17 mm | 4.17 mm | 4.17 mm | 4.17 mm | 4.17 mm | 4.17 mm |
Cash burn (monthly) | 1.61 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 73.70 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -69.54 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -43.3 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2020
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 | 2.23 mm |
Total shares | 170.58 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
RBF Capital | 157.18 k | $2.06 mm |
JBF Capital | 13.30 k | $174.00 k |
Skandinaviska Enskilda Banken AB | 101.00 | $1.00 k |