By Josh Shea from MidSouth News & Analysis

Asta Funding, Inc. (NASDAQ:ASFI) major shareholder Mangrove Partners Fund (Cayman bought 7,093 shares of the business’s stock in a transaction on Tuesday, December 29th. The stock was bought at an average price of $8.02 per share, for a total transaction of $56,885.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Mangrove Partners Fund (Cayman also recently made the following trade(s):
On Wednesday, December 30th, Mangrove Partners Fund (Cayman bought 4,700 shares of Asta Funding stock. The shares were purchased at an average cost of $8.00 per share, for a total transaction of $37,600.00.
On Monday, December 28th, Mangrove Partners Fund (Cayman bought 3,530 shares of Asta Funding stock. The shares were purchased at an average cost of $7.87 per share, for a total transaction of $27,781.10.
On Thursday, December 24th, Mangrove Partners Fund (Cayman bought 6,300 shares of Asta Funding stock. The shares were purchased at an average cost of $7.82 per share, for a total transaction of $49,266.00.
On Tuesday, December 22nd, Mangrove Partners Fund (Cayman bought 1,259 shares of Asta Funding stock. The shares were purchased at an average cost of $7.68 per share, for a total transaction of $9,669.12.
Today’s Trading

Shares of Asta Funding, Inc. (NASDAQ:ASFI) traded up 0.76% during trading on Friday, reaching $7.95. The company had a trading volume of 30,199 shares. The firm has a market capitalization of $95.96 million and a P/E ratio of 53.00. Asta Funding, Inc. has a 52-week low of $7.51 and a 52-week high of $9.38. The company has a 50 day moving average of $8.08 and a 200-day moving average of $8.39.

Asta Funding (NASDAQ:ASFI) last announced its quarterly earnings results on Monday, December 14th. The company reported $0.08 earnings per share for the quarter. Equities analysts expect that Asta Funding, Inc. will post $0.73 earnings per share for the current year.

Asta Funding Company Profile

12 Month Chart for NASDAQ:ASFI
Asta Funding, Inc. is engaged in the business of purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, and semi-performing receivables. The Company operates through four segments: Consumer receivables, Personal injury claims, structured settlements and disability advocacy. The Consumer receivables segment is engaged in the business of purchasing, managing for its own account and servicing distressed consumer receivables. The Personal injury claims segment consists of the operations of Pegasus Funding, LLC (NASDAQ:ASFI), which primarily invests in funding personal injury claims. The structured settlements segment consists of the operations of CBC Settlement Funding, LLC (CBC), which invests in structured settlements. The disability advocacy segment consists of the operations of GAR Disability Advocates, LLC (GAR Disability Advocates), a non-attorney a social security disability advocacy firm.

For more on this story go to: http://midsouthnewz.com/asta-funding-inc-asfi-major-shareholder-mangrove-partners-fund-cayman-purchases-7093-shares/100679/