Finance of America Companies Inc. (NYSE:FOA) President Sells $16,762.50 in Stock

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) President Kristen N. Sieffert sold 750 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $22.35, for a total value of $16,762.50. Following the completion of the sale, the president now directly owns 50,975 shares in the company, valued at $1,139,291.25. This represents a 1.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Finance of America Companies Price Performance

Shares of NYSE FOA traded up $0.60 during mid-day trading on Tuesday, reaching $22.00. The company had a trading volume of 105,941 shares, compared to its average volume of 75,451. The company has a 50-day moving average price of $24.10 and a two-hundred day moving average price of $20.01. The stock has a market cap of $218.37 million, a PE ratio of 1.88 and a beta of 1.18. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. Finance of America Companies Inc. has a 1-year low of $4.10 and a 1-year high of $32.40.

Finance of America Companies (NYSE:FOA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.24). Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. The company had revenue of ($105.62) million during the quarter, compared to analysts' expectations of $80.61 million. On average, equities analysts anticipate that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Finance of America Companies

Large investors have recently made changes to their positions in the company. Nkcfo LLC purchased a new position in Finance of America Companies during the 4th quarter worth approximately $815,000. Citizens Financial Group Inc. RI purchased a new position in shares of Finance of America Companies during the fourth quarter valued at $562,000. American Century Companies Inc. acquired a new position in Finance of America Companies during the fourth quarter valued at $781,000. Arrowstreet Capital Limited Partnership purchased a new stake in Finance of America Companies in the 4th quarter worth about $984,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Finance of America Companies during the 4th quarter worth about $369,000. Institutional investors and hedge funds own 97.20% of the company's stock.

Analyst Ratings Changes

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

About Finance of America Companies

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.