Director Graham buys 10,000 LMFA shares at $2.58; stock -50.8% from 52-week high, company unprofitable.
Director Andrew L. Graham purchased 10,000 shares of LM Funding America at $2.58 on 2024-11-15, more than tripling his holdings from 7,303 to 17,303 shares. This transaction occurs with the stock trading $2.80, down 50.8% from its 52-week high of $5.69 and down 8.8% over the past 30 days. The company's fundamentals present a challenging backdrop: net income for the latest quarter was $-4.7M against quarterly revenue of $1.3M, and the company was unprofitable over its most recent full fiscal year. Graham's own cross-ticker track record shows 6 prior open-market sales with a 100.00% well-timed rate and average 90-day return of -21.5%, indicating his prior sells have historically preceded stock declines. The 137% increase in his LMFA position at a depressed price level warrants scrutiny of whether this reflects director conviction or other factors, particularly given the company's negative profitability trajectory.