United States

Asta Funding Inc (ASFI.OQ)

ASFI.OQ on NASDAQ Stock Exchange Global Select Market

14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Asta Funding announces Q2 loss per share $0.57
Friday, 26 May 2017 08:00am EDT 

May 26 (Reuters) - Asta Funding Inc : :Asta Funding announces results for the second quarter ended march 31, 2017.Q2 loss per share $0.57.Asta Funding Inc - will file its amended quarterly report on form 10-Q/A in conjunction with company's March 31, 2017 form 10-Q on May 26.Asta Funding Inc qtrly total revenues $8.3 million versus $10.6 million.  Full Article

Asta Funding announces decision to restate Q1 2017
Monday, 15 May 2017 08:14pm EDT 

May 15 (Reuters) - Asta Funding Inc ::Asta Funding Inc announces decision to restate Q1 2017.Restating its previously issued unaudited consolidated financial statements as of and for quarter ended December 31, 2016.Audit committee of board concluded, that these financial statements and disclosures should no longer be relied upon.Company's filing of its form 10-Q for quarter ended March 31, 2017 will be delayed.  Full Article

Asta Funding signs assignment agreement
Thursday, 4 May 2017 04:56pm EDT 

May 4 (Reuters) - Asta Funding Inc :Asta Funding says on april 28, unit entered into assignment agreement by and among unit and an unrelated third party - sec filing.Asta Funding- agreement provided for sale to third party to ownership of certain payments, right to direct payment of future receivables payments for $7.7 million.Asta Funding Inc - co expects to incur a realized loss from sale in range of $5 million to $6 million.  Full Article

Asta Funding Q2 loss per share $0.15
Tuesday, 10 May 2016 04:00pm EDT 

Asta Funding Inc : Qtrly total revenue $10.6 million versus $10.4 million . Asta funding, inc. Announces financial results for the second quarter and first six months of fiscal 2016 .Q2 loss per share $0.15.  Full Article

Asta Funding's board of directors rejects unsolicited tender offer
Thursday, 31 Mar 2016 10:00pm EDT 

Asta Funding:Unanimously determined to recommend that shareholders reject MPF Investco 4, LLC's, a direct, wholly-owned subsidiary of The Mangrove Partners Master Fund, Ltd. unsolicited tender offer to acquire up to 3 mln shares of common stock of Asta at price of $9.00 per share.Furthermore, the Company has announced its intention to commence an issuer tender offer for 3,000,000 shares of Asta common stock pursuant to a "Dutch Auction" format at a price range of $9.50 to $10.25 per share.Furthermore, in recognition that certain shareholders may desire to sell their shares, the Company's Board announced it will commence a self-tender offer.  Full Article