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LM Funding America is a finance company that provides funding to nonprofit community associations. Co. provides incorporated nonprofit community associations (Associations) a variety of financial products customized to each Association's financial needs. Co.'s original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts. Co. provides funding against such delinquent accounts (Accounts), in exchange for a portion of the proceeds from the account debtors on the Accounts. Co. has started purchasing Accounts on varying terms tailored to suit each Association's financial needs, including under its New Neighbor Guaranty™ program. According to our LMFA split history records, LM Funding America has had 3 splits.
LMFA split history picture
LM Funding America (LMFA) has 3 splits in our LMFA split history database. The first split for LMFA took place on October 16, 2018. This was a 1 for 10 reverse split, meaning for each 10 shares of LMFA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. LMFA's second split took place on May 07, 2021. This was a 1 for 5 reverse split, meaning for each 5 shares of LMFA owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 20 share position following the split. LMFA's third split took place on March 12, 2024. This was a 1 for 6 reverse split, meaning for each 6 shares of LMFA owned pre-split, the shareholder now owned 1 share. For example, a 20 share position pre-split, became a 3.33333333333333 share position following the split.

When a company such as LM Funding America conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the LMFA split history from start to finish, an original position size of 1000 shares would have turned into 3.33333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into LM Funding America shares, starting with a $10,000 purchase of LMFA, presented on a split-history-adjusted basis factoring in the complete LMFA split history. LMFA split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 12/18/2015
End date: 04/15/2024
Start price/share: $2,703.00
End price/share: $2.61
Dividends collected/share: $0.00
Total return: -99.90%
Average Annual Total Return: -56.55%
Starting investment: $10,000.00
Ending investment: $9.66
Years: 8.33
Date Ratio
10/16/20181 for 10
05/07/20211 for 5
03/12/20241 for 6
LMFA is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: LMFA shares outstanding history

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