Insider Selling: Finance of America Companies (NYSE:FOA) President Sells $13,162.50 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $17.55, for a total value of $13,162.50. Following the completion of the transaction, the president owned 124,762 shares in the company, valued at $2,189,573.10. The trade was a 0.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Stock Performance

NYSE FOA opened at $17.12 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 60.78. The firm has a market capitalization of $296.35 million, a price-to-earnings ratio of -5.69 and a beta of 1.65. The firm’s 50 day simple moving average is $22.76 and its 200 day simple moving average is $20.67. Finance of America Companies Inc. has a 1 year low of $15.77 and a 1 year high of $29.79.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a positive return on equity of 28.39% and a negative net margin of 0.10%.The business had revenue of $62.48 million for the quarter, compared to analyst estimates of $121.94 million. As a group, research analysts expect that Finance of America Companies Inc. will post 4.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Finance of America Companies

Several large investors have recently bought and sold shares of the company. Beach Point Capital Management LP grew its holdings in shares of Finance of America Companies by 557.5% during the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after purchasing an additional 669,336 shares during the last quarter. Invesco Ltd. bought a new position in Finance of America Companies in the 3rd quarter valued at approximately $3,147,000. Geode Capital Management LLC raised its holdings in Finance of America Companies by 66.2% in the 2nd quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock valued at $3,188,000 after buying an additional 54,429 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Finance of America Companies by 56.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock worth $1,694,000 after buying an additional 36,929 shares during the period. Finally, Purpose Unlimited Inc. acquired a new stake in Finance of America Companies during the 4th quarter worth approximately $2,325,000. 97.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FOA. Weiss Ratings cut shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Alliance Global Partners began coverage on shares of Finance of America Companies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $30.00 price objective for the company. B. Riley Financial reiterated a “buy” rating and set a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.50.

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.