Finance of America Companies Inc. (NYSE:FOA) CAO Sells $24,585.00 in Stock

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CAO Tai A. Thornock sold 1,100 shares of Finance of America Companies stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $22.35, for a total transaction of $24,585.00. Following the completion of the sale, the chief accounting officer now directly owns 12,442 shares in the company, valued at approximately $278,078.70. The trade was a 8.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Finance of America Companies Price Performance

NYSE:FOA traded up $0.60 during trading hours on Tuesday, reaching $22.00. 105,941 shares of the company traded hands, compared to its average volume of 75,451. Finance of America Companies Inc. has a 1-year low of $4.10 and a 1-year high of $32.40. The stock has a market cap of $218.37 million, a P/E ratio of 1.88 and a beta of 1.18. The firm's 50-day moving average is $24.10 and its 200-day moving average is $20.01. 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 - 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 analysts' consensus estimates of $0.45 by ($0.24). The firm had revenue of ($105.62) million during the quarter, compared to analysts' expectations of $80.61 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. Equities research analysts expect that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Finance of America Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bastion Asset Management Inc. acquired a new stake in shares of Finance of America Companies during the fourth quarter worth $4,850,000. Renaissance Technologies LLC boosted its stake in Finance of America Companies by 600.5% in the 4th quarter. Renaissance Technologies LLC now owns 89,495 shares of the company's stock worth $2,517,000 after buying an additional 76,719 shares during the last quarter. Geode Capital Management LLC grew its holdings in Finance of America Companies by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 79,123 shares of the company's stock valued at $2,226,000 after buying an additional 2,207 shares during the period. Millennium Management LLC increased its stake in shares of Finance of America Companies by 14.2% during the 4th quarter. Millennium Management LLC now owns 49,415 shares of the company's stock valued at $1,390,000 after acquiring an additional 6,132 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Finance of America Companies during the 4th quarter worth about $984,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Raymond James upped their price target on shares of Finance of America Companies from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday.

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.