Finance of America Companies (NYSE:FOA) CIO Sells $119,220.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of Finance of America Companies stock in a transaction on Monday, August 24th. The stock was sold at an average price of $19.87, for a total transaction of $119,220.00. Following the completion of the transaction, the executive owned 173,856 shares in the company, valued at $3,454,518.72. This trade represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Monday, August 10th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $21.73, for a total transaction of $130,380.00.
• On Thursday, August 6th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $22.26, for a total value of $133,560.00.
• On Monday, June 15th, Jeremy Prahm sold 8,860 shares of Finance of America Companies stock. The stock was sold at an average price of $20.49, for a total value of $181,541.40.

Finance of America Companies Trading Down 1.7%

Finance of America Companies stock opened at $18.03 on Friday. Finance of America Companies Inc. has a 52 week low of $15.77 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 60.78, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market capitalization of $312.10 million, a PE ratio of -5.99 and a beta of 1.65. The business’s 50-day simple moving average is $23.20 and its 200-day simple moving average is $20.82.

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

Institutional Investors Weigh In On Finance of America Companies

A number of institutional investors have recently added to or reduced their stakes in FOA. Beach Point Capital Management LP grew its stake in shares of Finance of America Companies by 557.5% in the 4th quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock valued at $19,111,000 after purchasing an additional 669,336 shares during the period. Invesco Ltd. acquired a new stake in Finance of America Companies in the 3rd quarter valued at $3,147,000. Geode Capital Management LLC boosted its stake 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Finance of America Companies by 56.7% in the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock valued at $1,694,000 after acquiring an additional 36,929 shares during the period. Finally, Purpose Unlimited Inc. bought a new stake in Finance of America Companies in the fourth quarter valued at $2,325,000. 97.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research cut shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. B. Riley Financial reaffirmed 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. Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Alliance Global Partners assumed coverage on Finance of America Companies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $30.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.50.

About Finance of America Companies

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.