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. 

Employee Rating

2.5More
TypePublic
HQEnglewood Cliffs, US
Founded1994
Size (employees)188 (est)
Websiteastafunding.com
Asta Funding was founded in 1994 and is headquartered in Englewood Cliffs, US
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Key People/Management at Asta Funding

Gary Stern

Gary Stern

Chairman, Founding President & CEO

Asta Funding Office Locations

Asta Funding has offices in Englewood Cliffs, Brooklyn and New York
Englewood Cliffs, (HQ)
210 Sylvan Ave
Brooklyn,
6201 15th Ave
New York,
750 3rd Ave
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Asta Funding Financials and Metrics

Asta Funding Revenue

Asta Funding's revenue was reported to be $21.44 m in FY, 2017
USD

Revenue (Q3, 2018)

7.3m

Net income (Q3, 2018)

2.0m

Market capitalization (12-Dec-2018)

26.9m

Closing stock price (12-Dec-2018)

4.0

Cash (30-Jun-2018)

30.3m
Asta Funding's current market capitalization is $26.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

42.4m60.1m42.5m57.1m21.4m

Revenue growth, %

42%(29%)34%

General and administrative expense

28.2m36.9m41.8m31.9m

Operating expense total

49.0m39.3m41.8m31.9m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

10.2m10.2m9.8m10.5m10.2m10.0m11.8m10.6m18.8m5.4m5.4m5.4m5.2m5.7m7.3m

General and administrative expense

5.8m7.7m7.0m9.6m8.1m9.2m8.2m13.2m10.6m7.3m12.3m6.1m4.2m3.3m4.2m

Operating expense total

5.8m8.1m27.3m10.0m8.7m9.8m9.0m14.1m10.6m10.9m16.0m9.3m4.2m3.3m4.2m

Interest expense

9.0k398.0k413.0k489.0k589.0k632.0k728.0k788.0k832.0k32.0k164.0k2.0k17.0k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

35.2m28.7m24.3m18.5m17.6m

Accounts Receivable

Inventories

Goodwill

2.8m2.8m2.8m1.4m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

36.1m28.3m26.0m28.1m26.1m27.6m22.5m19.9m17.1m3.7m8.5m15.2m23.2m26.6m30.3m

Goodwill

2.8m2.8m2.8m2.8m2.8m2.8m2.8m2.8m2.8m1.4m1.4m1.4m1.4m1.4m1.4m

Total Assets

231.1m234.1m213.8m223.3m229.3m233.7m236.0m238.8m245.8m256.5m208.4m212.7m115.7m80.2m82.0m

Long-term debt

9.6m9.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

3.1m6.4m2.7m7.6m(13.0m)

Depreciation and Amortization

440.0k363.0k366.0k377.0k97.0k

Inventories

Accounts Payable

Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

2.8m4.3m5.5m321.0k1.4m1.1m2.3m587.0k5.3m(2.9m)(7.2m)(8.8m)(2.7m)(1.6m)308.0k

Depreciation and Amortization

300.0k150.0k300.0k459.0k120.0k246.0k442.0k26.0k191.0k75.0k18.0k32.0k46.0k

Cash From Operating Activities

4.8m(2.5m)(4.5m)(4.7m)(123.0k)(2.4m)2.3m(5.3m)(7.7m)859.0k(332.0k)3.3m

Cash From Investing Activities

(6.6m)(4.6m)(7.8m)(10.4m)1.6m(678.0k)(9.2m)(3.3m)47.9m54.3m3.6m43.4m43.3m
USDY, 2018

Financial Leverage

1 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

$5.10 m$2.10 m$8.20 m

Portfolio Purchases, at face value

$478.90 m$28 m$162.90 m
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Asta Funding Revenue Breakdown

Embed Graph

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

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Asta Funding News and Updates

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, …
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Asta Funding Company Life and Culture

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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.

  • How many employees does Asta Funding have?

    Asta Funding has 188 employees.

  • What is Asta Funding revenue?

    Latest Asta Funding annual revenue is $21.4 m.

  • What is Asta Funding revenue per employee?

    Latest Asta Funding revenue per employee is $114 k.

  • Who are Asta Funding competitors?

    Competitors of Asta Funding include Lazard, Navient and BlackRock.

  • 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.