Finance of America Companies Inc. (NYSE:FOA – Get Free Report) Director Norma Corio bought 4,300 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $25.61 per share, for a total transaction of $110,123.00. Following the completion of the acquisition, the director now directly owns 16,580 shares in the company, valued at approximately $424,613.80. This trade represents a 35.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Finance of America Companies Trading Up 5.5 %
NYSE FOA opened at $26.21 on Wednesday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. Finance of America Companies Inc. has a 52 week low of $4.10 and a 52 week high of $27.89. The business has a 50 day moving average price of $17.10 and a 200-day moving average price of $10.97. The company has a market cap of $260.16 million, a price-to-earnings ratio of 2.24 and a beta of 1.22.
Finance of America Companies (NYSE:FOA – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.54. The business had revenue of $290.07 million during the quarter, compared to the consensus estimate of $72.00 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. During the same quarter in the previous year, the business earned ($1.40) EPS. As a group, equities analysts expect that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on FOA
Institutional Investors Weigh In On Finance of America Companies
Several large investors have recently made changes to their positions in FOA. Point72 Asia Singapore Pte. Ltd. bought a new position in Finance of America Companies during the second quarter valued at $43,000. AQR Capital Management LLC purchased a new stake in Finance of America Companies during the second quarter valued at about $41,000. Finally, Renaissance Technologies LLC boosted its position in Finance of America Companies by 2.7% during the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after purchasing an additional 3,000 shares during the period. 97.20% of the stock is owned by hedge funds and other 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.
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