Finance of America Companies Inc. (NYSE:FOA - Get Free Report) President Kristen N. Sieffert sold 750 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $22.35, for a total transaction of $16,762.50. Following the completion of the sale, the president now owns 50,975 shares of the company's stock, valued at approximately $1,139,291.25. This trade represents a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Finance of America Companies Stock Performance
FOA stock traded up $0.15 during midday trading on Monday, hitting $21.34. The company's stock had a trading volume of 68,380 shares, 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 $211.82 million, a price-to-earnings ratio of 1.82 and a beta of 1.18. The stock's 50-day moving average price is $24.10 and its 200 day moving average price is $20.01. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07.
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 forecast that Finance of America Companies Inc. will post 0.75 EPS for the current year.
Institutional Investors Weigh In On Finance of America Companies
Several large investors have recently modified their holdings of FOA. Nkcfo LLC purchased a new position in Finance of America Companies in the fourth quarter valued at approximately $815,000. Citizens Financial Group Inc. RI purchased a new position in shares of Finance of America Companies during the 4th quarter valued at $562,000. American Century Companies Inc. bought a new position in shares of Finance of America Companies during the 4th quarter worth $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 bought a new stake in Finance of America Companies in the 4th quarter valued at about $369,000. Hedge funds and other institutional investors own 97.20% of the company's stock.
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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