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

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) Director Lance West sold 23,245 shares of the firm's stock in a transaction on 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 owns 12,280 shares of the company's stock, valued at $271,388. The trade was a 65.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 stock was 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 value of $282,422.27.

Finance of America Companies Stock Up 10.6 %

Finance of America Companies stock opened at $24.34 on Thursday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. The firm's fifty day moving average price is $15.90 and its two-hundred day moving average price is $10.39. The firm has a market capitalization of $241.60 million, a price-to-earnings ratio of 2.08 and a beta of 1.22. Finance of America Companies Inc. has a 1-year low of $4.10 and a 1-year high of $27.89.


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Finance of America Companies (NYSE:FOA - Get Free Report) last issued 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 negative return on equity of 4.00% and a net margin of 18.89%. The firm had revenue of $290.07 million during the quarter, compared to the consensus estimate of $72.00 million. During the same period in the prior year, the business posted ($1.40) earnings per share. On average, equities research analysts predict that Finance of America Companies Inc. will post 0.11 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 research report on Wednesday, November 20th.

Get Our Latest Analysis on FOA

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Finance of America Companies by 2.7% in the 2nd 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. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Finance of America Companies in the second quarter valued at approximately $43,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Finance of America Companies during the second quarter valued at approximately $41,000. 97.20% of the stock is owned by institutional investors.

Finance of America Companies Company Profile

(Get Free Report)

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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