News articles about Asta Funding (NASDAQ:ASFI) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Asta Funding earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 45.9944599417262 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.33% (investing.com)
- Asta Funding, Inc. (ASFI) Increases Dividend to $5.30 Per Share (americanbankingnews.com)
- Asta Funding, Inc. Announces $5.30 Per Share Special Cash Dividend (markets.financialcontent.com)
- Asta Funding (ASFI) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
A number of research analysts have recently weighed in on ASFI shares. TheStreet cut Asta Funding from a “c” rating to a “d+” rating in a research report on Wednesday, December 13th. ValuEngine upgraded Asta Funding from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.
Shares of Asta Funding (NASDAQ ASFI) traded up $0.30 during mid-day trading on Thursday, hitting $10.90. The stock had a trading volume of 114,292 shares, compared to its average volume of 23,288. Asta Funding has a twelve month low of $6.15 and a twelve month high of $11.40. The stock has a market capitalization of $67.89, a PE ratio of 545.00 and a beta of 0.35.
The company also recently declared a special dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be given a $5.30 dividend. The ex-dividend date is Thursday, March 1st. This represents a dividend yield of 0.5%. This is a boost from Asta Funding’s previous special dividend of $0.08.
About Asta Funding
Asta Funding, Inc is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, semi-performing receivables and performing receivables.
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