Finance of America Companies Inc. (NYSE:FOA) Short Interest Up 102.5% in November

Finance of America Companies Inc. (NYSE:FOA) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 147,800 shares, a growth of 102.5% from the November 15th total of 73,000 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily volume of 66,800 shares, the days-to-cover ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered shares of Finance of America Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $14.00 to $24.00 in a research note on Wednesday, November 20th.

Finance of America Companies Stock Performance

Shares of FOA stock traded down $1.42 during trading hours on Friday, hitting $24.26. 202,775 shares of the company were exchanged, compared to its average volume of 34,808. The firm has a fifty day simple moving average of $16.49 and a 200 day simple moving average of $10.62. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. Finance of America Companies has a 52-week low of $4.10 and a 52-week high of $27.89. The stock has a market capitalization of $240.80 million, a price-to-earnings ratio of 2.07 and a beta of 1.22.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.13 by $0.54. The company had revenue of $290.07 million during the quarter, compared to the consensus estimate of $72.00 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. During the same period last year, the firm earned ($1.40) EPS. Research analysts predict that Finance of America Companies will post 0.75 earnings per share for the current fiscal year.

Insider Transactions at Finance of America Companies

In related news, Director Lance West sold 6,750 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $21.00, for a total value of $141,750.00. Following the transaction, the director now owns 23,245 shares of the company’s stock, valued at approximately $488,145. This trade represents a 22.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 43,632 shares of company stock valued at $937,887 in the last 90 days. 15.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FOA. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Finance of America Companies during the 2nd quarter worth $43,000. AQR Capital Management LLC bought a new stake in shares of Finance of America Companies during the 2nd quarter worth $41,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Finance of America Companies by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after acquiring an additional 3,000 shares during the last quarter. 97.20% of the stock is owned by institutional investors.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.