Asta Funding (ASFI) 8.46 $ASFI
Asta Funding, Inc. Receives Letter From Nasdaq Relating to Its Late Report on Form 10-Q
GlobeNewswire - Fri Feb 13, 3:15PM CST
On February 11, 2015, Asta Funding, Inc. (Nasdaq:ASFI) (the "Company"
received a staff determination letter from Nasdaq ("Nasdaq" stating that the Company was not in compliance with its rules for continued listing, Rule 5250(c)(1), because it has not timely filed its Quarterly Report on Form 10-Q ("Form 10-Q" for the quarterly period ended December 31, 2014. On January 5, 2015, the Company received a staff determination letter because the Company did not file its Annual Report on Form 10-K ("Form 10-K" for the fiscal year ended September 30, 2014. In the January 5, 2015 letter, Nasdaq indicated that the Company had 60 days to submit a plan to regain compliance. The 60 day period indicated in the January 5, 2015 runs concurrent to the Form 10-Q. The Company has until March 6, 2015 to regain compliance with respect to these delinquent reports. If such a plan is timely submitted by the Company, the Nasdaq Staff may grant the Company up to 180 calendar days from the due date of the Form 10-K (or June 29, 2015) to regain compliance.
ASFI: 8.46 (+0.01)
Current Happenings in Financial Services Sector: Special Research on Asta Funding, Athens Bancshares, Atlantic American, Atlantic Coast Financial, and Atlanticus Holdings
PR Newswire - Tue Feb 03, 8:00AM CST
Moments ago, Analysts Review released new research updates concerning several important developing situations including Asta Funding (NASDAQ: ASFI), Athens Bancshares (NASDAQ: AFCB), Atlantic American (NASDAQ: AAME), Atlantic Coast Financial (NASDAQ: ACFC), and Atlanticus Holdings (NASDAQ: ATLC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
AFCB: 24.77 (+0.12), ATLC: 2.91 (+0.10), AAME: 3.96 (-0.01), ASFI: 8.46 (+0.01), ACFC: 3.95 (+0.05)
CBC Settlement Funding, LLC Announces Completion of BBRIV 2014-A Private Placement Note Offering
PRWeb - Wed Nov 26, 1:26PM CST
Structured settlement finance company, CBC Settlement Funding, LLC ("CBC" , announced the completion of its fourth private placement backed by structured settlement and fixed annuity payments. CBC issued through its subsidiary BBRIV, LLC $21,814,000 of fixed rate asset backed notes with a yield of 5.39%. William Skyrm, CBC Settlement Funding, LLC CEO and Co-founder, commented, "We are thrilled by the show of support from our investors. It is an exciting time as we see an increase in the level of interest in our receivables." Mr. Skyrm concluded, "We are extremely pleased with the execution of this transaction resulting from increased institutional demand due to the attractive yields relative to the risk profile of the asset class." ABOUT STRUCTURED SETTLEMENTS Structured settlements are commonly used in the settlement of personal injury lawsuits to spread payouts over 10, 20 or 30 years. The secondary market for structured settlement annuity transfers is a highly regulated market place offering clients liquidity options for otherwise inflexible assets. In 2002, Congress passed IRC 5891 affirming the tax benefits of structured settlements but requiring compliance with all applicable state or federal laws. Today, 48 states have enacted structured settlement protection acts requiring court review and approval of each structured settlement transfer.
ASFI: 8.46 (+0.01)
Asta Funding Inc (ASFI) Upgraded From Hold to Buy
at The Street - Tue Sep 09, 7:58AM CDT
Asta Funding Inc (ASFI) has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B-.
ASFI: 8.46 (+0.01)
Asta Funding, Inc. Announces Financial Results for Third Quarter and Nine Months of Fiscal 2014
GlobeNewswire - Wed Aug 20, 7:00AM CDT
Asta Funding, Inc. (Nasdaq:ASFI) (the "Company" , a consumer receivable asset management and liquidation company, today announced results for the three months and nine months ended June 30, 2014.
ASFI: 8.46 (+0.01)
Asta Funding, Inc. to Report Third Quarter and Nine Months Results of Fiscal Year 2014
GlobeNewswire - Thu Aug 14, 4:37PM CDT
Asta Funding, Inc. (Nasdaq:ASFI), a receivable asset management and liquidation firm, will report its financial results for the third quarter and nine months of fiscal year 2014, the period ended June 30, 2014 before the markets open on Wednesday, August 20, 2014.
ASFI: 8.46 (+0.01)
Asta Funding, Inc. Announces the Final Payment of the Remaining Amount of the Bank of Montreal Loan
GlobeNewswire - Thu Jun 12, 12:42PM CDT
Asta Funding, Inc. (Nasdaq:ASFI) (the "Company" , a diversified consumer financial services company, announced that Palisades Acquisition XVI, LLC ("Palisades XVI" a wholly owned subsidiary of the Company, has made the final payment owed as described in the Settlement Agreement and Omnibus Amendment (the "Settlement Agreement" with the Bank of Montreal ("BMO" executed on August 7, 2013.
ASFI: 8.46 (+0.01)
Asta Funding, Inc. Receives Letter From Nasdaq Relating to Its Late Report on Form 10-Q
GlobeNewswire - Fri Feb 13, 3:15PM CST
On February 11, 2015, Asta Funding, Inc. (Nasdaq:ASFI) (the "Company"
received a staff determination letter from Nasdaq ("Nasdaq" stating that the Company was not in compliance with its rules for continued listing, Rule 5250(c)(1), because it has not timely filed its Quarterly Report on Form 10-Q ("Form 10-Q" for the quarterly period ended December 31, 2014. On January 5, 2015, the Company received a staff determination letter because the Company did not file its Annual Report on Form 10-K ("Form 10-K" for the fiscal year ended September 30, 2014. In the January 5, 2015 letter, Nasdaq indicated that the Company had 60 days to submit a plan to regain compliance. The 60 day period indicated in the January 5, 2015 runs concurrent to the Form 10-Q. The Company has until March 6, 2015 to regain compliance with respect to these delinquent reports. If such a plan is timely submitted by the Company, the Nasdaq Staff may grant the Company up to 180 calendar days from the due date of the Form 10-K (or June 29, 2015) to regain compliance. ASFI: 8.46 (+0.01)
Current Happenings in Financial Services Sector: Special Research on Asta Funding, Athens Bancshares, Atlantic American, Atlantic Coast Financial, and Atlanticus Holdings
PR Newswire - Tue Feb 03, 8:00AM CST
Moments ago, Analysts Review released new research updates concerning several important developing situations including Asta Funding (NASDAQ: ASFI), Athens Bancshares (NASDAQ: AFCB), Atlantic American (NASDAQ: AAME), Atlantic Coast Financial (NASDAQ: ACFC), and Atlanticus Holdings (NASDAQ: ATLC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
AFCB: 24.77 (+0.12), ATLC: 2.91 (+0.10), AAME: 3.96 (-0.01), ASFI: 8.46 (+0.01), ACFC: 3.95 (+0.05)
CBC Settlement Funding, LLC Announces Completion of BBRIV 2014-A Private Placement Note Offering
PRWeb - Wed Nov 26, 1:26PM CST
Structured settlement finance company, CBC Settlement Funding, LLC ("CBC"
, announced the completion of its fourth private placement backed by structured settlement and fixed annuity payments. CBC issued through its subsidiary BBRIV, LLC $21,814,000 of fixed rate asset backed notes with a yield of 5.39%. William Skyrm, CBC Settlement Funding, LLC CEO and Co-founder, commented, "We are thrilled by the show of support from our investors. It is an exciting time as we see an increase in the level of interest in our receivables." Mr. Skyrm concluded, "We are extremely pleased with the execution of this transaction resulting from increased institutional demand due to the attractive yields relative to the risk profile of the asset class." ABOUT STRUCTURED SETTLEMENTS Structured settlements are commonly used in the settlement of personal injury lawsuits to spread payouts over 10, 20 or 30 years. The secondary market for structured settlement annuity transfers is a highly regulated market place offering clients liquidity options for otherwise inflexible assets. In 2002, Congress passed IRC 5891 affirming the tax benefits of structured settlements but requiring compliance with all applicable state or federal laws. Today, 48 states have enacted structured settlement protection acts requiring court review and approval of each structured settlement transfer. ASFI: 8.46 (+0.01)
Asta Funding Inc (ASFI) Upgraded From Hold to Buy
at The Street - Tue Sep 09, 7:58AM CDT
Asta Funding Inc (ASFI) has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B-.
ASFI: 8.46 (+0.01)
Asta Funding, Inc. Announces Financial Results for Third Quarter and Nine Months of Fiscal 2014
GlobeNewswire - Wed Aug 20, 7:00AM CDT
Asta Funding, Inc. (Nasdaq:ASFI) (the "Company"
, a consumer receivable asset management and liquidation company, today announced results for the three months and nine months ended June 30, 2014. ASFI: 8.46 (+0.01)
Asta Funding, Inc. to Report Third Quarter and Nine Months Results of Fiscal Year 2014
GlobeNewswire - Thu Aug 14, 4:37PM CDT
Asta Funding, Inc. (Nasdaq:ASFI), a receivable asset management and liquidation firm, will report its financial results for the third quarter and nine months of fiscal year 2014, the period ended June 30, 2014 before the markets open on Wednesday, August 20, 2014.
ASFI: 8.46 (+0.01)
Asta Funding, Inc. Announces the Final Payment of the Remaining Amount of the Bank of Montreal Loan
GlobeNewswire - Thu Jun 12, 12:42PM CDT
Asta Funding, Inc. (Nasdaq:ASFI) (the "Company"
, a diversified consumer financial services company, announced that Palisades Acquisition XVI, LLC ("Palisades XVI" a wholly owned subsidiary of the Company, has made the final payment owed as described in the Settlement Agreement and Omnibus Amendment (the "Settlement Agreement" with the Bank of Montreal ("BMO" executed on August 7, 2013. ASFI: 8.46 (+0.01)
