FlexShopper, Inc. (NASDAQ:FPAY) Director Purchases $28,361.36 in Stock

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin purchased 26,756 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $1.06 per share, for a total transaction of $28,361.36. Following the completion of the transaction, the director now owns 4,476,802 shares in the company, valued at $4,745,410.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Howard Dvorkin also recently made the following trade(s):

• On Friday, June 28th, Howard Dvorkin bought 9,800 shares of FlexShopper stock. The shares were acquired at an average price of $1.26 per share, for a total transaction of $12,348.00.
• On Tuesday, June 25th, Howard Dvorkin purchased 6,111 shares of FlexShopper stock. The stock was acquired at an average cost of $1.21 per share, with a total value of $7,394.31.
• On Monday, June 17th, Howard Dvorkin acquired 6,000 shares of FlexShopper stock. The stock was bought at an average price of $1.20 per share, with a total value of $7,200.00.
• On Thursday, June 13th, Howard Dvorkin bought 5,500 shares of FlexShopper stock. The shares were bought at an average price of $1.24 per share, for a total transaction of $6,820.00.
• On Tuesday, June 11th, Howard Dvorkin acquired 20,467 shares of FlexShopper stock. The stock was bought at an average price of $1.15 per share, with a total value of $23,537.05.
• On Friday, June 7th, Howard Dvorkin acquired 64,054 shares of FlexShopper stock. The stock was purchased at an average price of $1.12 per share, for a total transaction of $71,740.48.
• On Wednesday, June 5th, Howard Dvorkin purchased 7,833 shares of FlexShopper stock. The shares were purchased at an average cost of $1.11 per share, for a total transaction of $8,694.63.
• On Monday, June 3rd, Howard Dvorkin acquired 52,200 shares of FlexShopper stock. The stock was purchased at an average price of $1.10 per share, with a total value of $57,420.00.
• On Wednesday, May 29th, Howard Dvorkin bought 18,226 shares of FlexShopper stock. The shares were acquired at an average price of $1.14 per share, for a total transaction of $20,777.64.
• On Wednesday, May 22nd, Howard Dvorkin purchased 3,381 shares of FlexShopper stock. The shares were acquired at an average cost of $1.16 per share, with a total value of $3,921.96.

FlexShopper Trading Up 0.9 %

NASDAQ:FPAY opened at $1.14 on Friday. The firm has a market capitalization of $24.80 million, a price-to-earnings ratio of -3.56 and a beta of 1.33. FlexShopper, Inc. has a 1-year low of $0.92 and a 1-year high of $1.95. The business’s 50-day moving average price is $1.16 and its two-hundred day moving average price is $1.17. The company has a current ratio of 13.70, a quick ratio of 13.70 and a debt-to-equity ratio of 19.16.

FlexShopper (NASDAQ:FPAY) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.02. FlexShopper had a negative net margin of 3.51% and a negative return on equity of 58.72%. The business had revenue of $31.76 million for the quarter, compared to analyst estimates of $31.00 million. On average, equities analysts expect that FlexShopper, Inc. will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On FlexShopper

Several institutional investors and hedge funds have recently made changes to their positions in the company. Waterfall Asset Management LLC acquired a new stake in FlexShopper during the 4th quarter worth $2,721,000. Renaissance Technologies LLC increased its holdings in shares of FlexShopper by 30.0% in the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 50,847 shares in the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of FlexShopper during the second quarter worth about $58,000. Finally, Heron Bay Capital Management bought a new position in shares of FlexShopper during the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 19.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research report on Wednesday, May 15th.

About FlexShopper

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.