Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CAO Tai A. Thornock sold 1,100 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $22.35, for a total value of $24,585.00. Following the transaction, the chief accounting officer now directly owns 12,442 shares of the company's stock, valued at approximately $278,078.70. This trade represents a 8.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Finance of America Companies Stock Up 0.7 %
NYSE:FOA traded up $0.15 on Monday, hitting $21.34. 68,380 shares of the company's stock were exchanged, compared to its average volume of 75,451. The firm has a 50-day moving average price of $24.10 and a 200-day moving average price of $20.01. Finance of America Companies Inc. has a 52 week low of $4.10 and a 52 week high of $32.40. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80. The company has a market cap of $211.82 million, a P/E ratio of 1.82 and a beta of 1.18.
Finance of America Companies (NYSE:FOA - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.24). The company had revenue of ($105.62) million for the quarter, compared to the consensus estimate of $80.61 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. As a group, analysts expect that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.
Hedge Funds Weigh In On Finance of America Companies
Several hedge funds and other institutional investors have recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in Finance of America Companies during the fourth quarter worth $52,000. Bank of America Corp DE raised its holdings in shares of Finance of America Companies by 3,503.1% in the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company's stock valued at $65,000 after purchasing an additional 2,242 shares during the period. Stifel Financial Corp acquired a new stake in Finance of America Companies in the 4th quarter valued at about $204,000. XTX Topco Ltd bought a new position in Finance of America Companies during the fourth quarter worth about $213,000. Finally, Marshall Wace LLP acquired a new position in Finance of America Companies during the fourth quarter worth approximately $277,000. 97.20% of the stock is owned by institutional investors.
Finance of America Companies Company Profile
(
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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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