OverviewSuggest Edit

Asta Funding is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. 

TypePublic
Founded1994
HQEnglewood Cliffs, NJ, US
Websiteastafunding.com
Employee Ratings2.7
Overall CultureC+

Latest Updates

Employees (est.) (Sept 2019)56(-6%)
Revenue (FY, 2019)$23.4 M(+9%)
Share Price (Oct 2020)$13.1
Cybersecurity ratingAMore

Key People/Management at Asta Funding

Gary Stern

Gary Stern

Chairman, Founding President & CEO
Steven Leidenfrost

Steven Leidenfrost

CFO
Seth Barman

Seth Barman

General Counsel
Lorri Smith

Lorri Smith

VP, Business Development
Ricky Stern

Ricky Stern

SVP
David Cavill

David Cavill

Director of Business Intelligence
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Asta Funding Office Locations

Asta Funding has offices in Englewood Cliffs, Brooklyn and New York
Englewood Cliffs, NJ, US (HQ)
210 Sylvan Ave
Brooklyn, NY, US
6201 15th Ave
New York, NY, US
750 3rd Ave
Show all (3)

Asta Funding Financials and Metrics

Asta Funding Revenue

Asta Funding's revenue was reported to be $23.44 m in FY, 2019
USD

Revenue (Q3, 2020)

3.9m

Net income (Q3, 2020)

446.0k

Market capitalization (2-Oct-2020)

85.9m

Closing stock price (2-Oct-2020)

13.1

Cash (30-Jun-2020)

4.2m

EV

82.1m
Asta Funding's current market capitalization is $85.9 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

43.2m44.5m42.4m32.2m42.5m22.9m21.4m21.5m23.4m

Revenue growth, %

42%(29%)34%

General and administrative expense

21.8m23.6m24.2m28.2m36.9m29.3m31.9m15.4m13.4m

Operating expense total

21.8m23.6m24.2m28.2m36.9m29.3m31.9m15.4m13.4m
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

11.3m10.4m11.5m11.6m10.6m10.1m12.7m7.4m10.2m8.3m9.7m10.2m10.0m11.8m10.6m18.8m8.6m5.4m14.8m5.2m5.7m7.3m5.5m5.2m5.3m4.7m4.1m3.9m

General and administrative expense

5.0m4.8m6.0m5.7m5.6m5.8m6.5m5.8m7.7m7.0m9.6m8.1m9.2m8.2m13.2m10.6m11.0m12.3m9.3m4.2m3.3m4.2m3.9m3.4m3.0m3.2m3.9m3.3m

Operating expense total

5.0m4.8m6.0m5.7m5.6m5.8m6.5m5.8m7.7m7.0m9.6m8.1m9.2m8.2m13.2m10.6m11.0m12.3m9.3m4.2m3.3m4.2m3.9m3.4m3.0m3.2m4.1m3.5m

Depreciation and amortization

18.0k
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

84.3m5.0m35.2m28.7m24.3m18.5m17.6m6.3m4.3m

Accounts Receivable

266.0k

Inventories

PP&E

563.0k821.0k1.1m756.0k480.0k124.0k100.0k120.0k
USDQ3, 2011

Financial Leverage

1.5 x
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Asta Funding Operating Metrics

FY, 2014FY, 2015FY, 2016

Cumulative Aggregate Purchases, at face value

$32.44 b$32.47 b$32.63 b

Portfolio Purchases, at cost

$5.1 m$2.1 m$8.2 m

Portfolio Purchases, at face value

$478.9 m$28 m$162.9 m
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Asta Funding Revenue Breakdown

Embed Graph

Asta Funding revenue breakdown by business segment: 35.4% from Personal Injury Claims, 24.2% from Structured Settlements, 7.0% from Disability Advocates and 33.5% from Consumer Receivables

Asta Funding Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Asta Funding Online and Social Media Presence

Embed Graph

Asta Funding Company Culture

  • Overall Culture

    C+

    76/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Asta Funding News and Updates

Asta Funding, Inc. Completes Take-Private Transaction

ENGLEWOOD CLIFFS, N.J., Sept. 29, 2020 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ: ASFI) (“Asta” or the “Company”) announced that its merger whereby the Company has become a wholly-owned subsidiary of Asta Finance Acquisition, Inc. is complete. The transaction was previously announced on April…

Asta Funding, Inc. Announces Going Private Transaction

Price Represents a 36.9% Premium to the Closing Price on April 7, 2020 Price Represents a 36.9% Premium to the Closing Price on April 7, 2020

Asta Funding, Inc. Adopts Rule 10b5-1 Plan in Conjunction with Share Repurchase Program

ENGLEWOOD CLIFFS, N.J., May 17, 2019 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ: ASFI) (the “Company”), a diversified financial services company, today announced that its board of directors has approved the repurchase of up to $10,500,000 of the Company’s common stock.  Repurchases will be mad…

Asta Funding Announces Results for The Second Quarter Ended March 31, 2019

ENGLEWOOD CLIFFS, N.J., May 13, 2019 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ: ASFI) (the “Company”), a diversified financial services company, today announced results for the second quarter ended March 31, 2019.

Asta Funding, Inc. Continued Listing Plan Accepted by Nasdaq

ENGLEWOOD CLIFFS, N.J., Sept. 06, 2018 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ: ASFI) (the “Company”) today announced receipt of notice that The Nasdaq Stock Market LLC (“Nasdaq”) has accepted the Company’s plan for continued listing on The Nasdaq Global Select Market.  On August 30, 2018, …

Asta Funding Frequently Asked Questions

  • When was Asta Funding founded?

    Asta Funding was founded in 1994.

  • Who are Asta Funding key executives?

    Asta Funding's key executives are Gary Stern, Steven Leidenfrost and Seth Barman.

  • How many employees does Asta Funding have?

    Asta Funding has 56 employees.

  • What is Asta Funding revenue?

    Latest Asta Funding annual revenue is $23.4 m.

  • What is Asta Funding revenue per employee?

    Latest Asta Funding revenue per employee is $418.6 k.

  • Who are Asta Funding competitors?

    Competitors of Asta Funding include New Frontier, PIMCO and Citadel.

  • Where is Asta Funding headquarters?

    Asta Funding headquarters is located at 210 Sylvan Ave, Englewood Cliffs.

  • Where are Asta Funding offices?

    Asta Funding has offices in Englewood Cliffs, Brooklyn and New York.

  • How many offices does Asta Funding have?

    Asta Funding has 3 offices.