Finance of America Companies Inc. (NYSE:FOA) Director Sells $513,714.50 in Stock

Finance of America Companies Inc. (NYSE:FOA) Director Lance West sold 23,245 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $22.10, for a total transaction of $513,714.50. Following the completion of the sale, the director now directly owns 12,280 shares of the company’s stock, valued at approximately $271,388. This trade represents a 65.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lance West also recently made the following trade(s):

• On Friday, December 6th, Lance West sold 6,750 shares of Finance of America Companies stock. The shares were sold at an average price of $21.00, for a total transaction of $141,750.00.
• On Wednesday, December 4th, Lance West sold 13,637 shares of Finance of America Companies stock. The shares were sold at an average price of $20.71, for a total transaction of $282,422.27.

Finance of America Companies Price Performance

FOA opened at $24.26 on Friday. The firm has a market capitalization of $240.80 million, a PE ratio of 2.07 and a beta of 1.22. The business’s 50-day moving average is $16.49 and its two-hundred day moving average is $10.62. Finance of America Companies Inc. has a 1 year low of $4.10 and a 1 year high of $27.89. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80.

Finance of America Companies (NYSE:FOA) last posted 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. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The firm had revenue of $290.07 million during the quarter, compared to analyst estimates of $72.00 million. During the same quarter in the previous year, the business posted ($1.40) EPS. Research analysts anticipate that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered Finance of America Companies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $24.00 in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after buying an additional 3,000 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Finance of America Companies during the second quarter valued at about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Finance of America Companies in the 2nd quarter valued at approximately $43,000. 97.20% of the stock is currently 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.