Springhouse Capital Management Lp buys $7,269,486 stake in Asta Funding (ASFI)

Asta Funding (ASFI) : Springhouse Capital Management Lp scooped up 80,453 additional shares in Asta Funding during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 729,136 shares of Asta Funding which is valued at $7,269,486.Asta Funding makes up approximately 3.78% of Springhouse Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Russell Frank Co reduced its stake in ASFI by selling 6,113 shares or 13.69% in the most recent quarter. The Hedge Fund company now holds 38,538 shares of ASFI which is valued at $385,765. Metlife Securities Inc added ASFI to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $10,000.

Asta Funding Inc. is engaged in the business of purchasing managing for its own account and servicing distressed consumer receivables including charged off receivables and semi-performing receivables. The Company operates through four segments: Consumer receivables Personal injury claims structured settlements and disability advocacy. The Consumer receivables segment is engaged in the business of purchasing managing for its own account and servicing distressed consumer receivables. The Personal injury claims segment consists of the operations of Pegasus Funding LLC (Pegasus) which primarily invests in funding personal injury claims. The structured settlements segment consists of the operations of CBC Settlement Funding LLC (CBC) which invests in structured settlements. The disability advocacy segment consists of the operations of GAR Disability Advocates LLC (GAR Disability Advocates) a non-attorney a social security disability advocacy firm.

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