Finance of America Companies (NYSE:FOA) CIO Sells $105,000.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $17.50, for a total value of $105,000.00. Following the transaction, the executive directly owned 167,294 shares of the company’s stock, valued at approximately $2,927,645. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Finance of America Companies Price Performance

Shares of FOA opened at $16.34 on Friday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 47.80. Finance of America Companies Inc. has a twelve month low of $16.09 and a twelve month high of $29.58. The stock has a market capitalization of $139.72 million, a P/E ratio of 8.38 and a beta of 1.65. The company has a 50 day moving average of $20.30 and a 200-day moving average of $22.20.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. The business had revenue of $73.51 million for the quarter, compared to analyst estimates of $109.45 million. As a group, equities research analysts forecast that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FOA shares. Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $29.50.

Hedge Funds Weigh In On Finance of America Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in Finance of America Companies by 183.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after acquiring an additional 822 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Finance of America Companies in the second quarter valued at $29,000. Russell Investments Group Ltd. bought a new position in shares of Finance of America Companies in the 3rd quarter valued at about $29,000. JPMorgan Chase & Co. grew its position in shares of Finance of America Companies by 4,270.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock valued at $49,000 after acquiring an additional 2,050 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Finance of America Companies during the 2nd quarter worth about $57,000. 97.20% of the stock is owned by institutional investors.

Finance of America Companies Company Profile

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.