Nkcfo LLC Takes $815,000 Position in Finance of America Companies Inc. (NYSE:FOA)

Nkcfo LLC bought a new position in shares of Finance of America Companies Inc. (NYSE:FOA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,000 shares of the company's stock, valued at approximately $815,000. Nkcfo LLC owned 0.29% of Finance of America Companies at the end of the most recent reporting period.

Separately, AQR Capital Management LLC bought a new position in shares of Finance of America Companies in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 97.20% of the company's stock.

Finance of America Companies Stock Performance

NYSE:FOA traded down $1.03 during trading hours on Wednesday, reaching $25.06. The stock had a trading volume of 77,291 shares, compared to its average volume of 155,943. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a 50 day simple moving average of $26.58 and a 200 day simple moving average of $17.56. Finance of America Companies Inc. has a 12-month low of $4.10 and a 12-month high of $32.40. The stock has a market cap of $248.85 million, a P/E ratio of 2.14 and a beta of 1.10.

Insiders Place Their Bets

In related news, Director Norma Corio purchased 4,300 shares of Finance of America Companies stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $25.61 per share, for a total transaction of $110,123.00. Following the completion of the transaction, the director now owns 16,580 shares in the company, valued at $424,613.80. This trade represents a 35.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lance West sold 23,245 shares of Finance of America Companies stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $22.10, for a total value of $513,714.50. Following the sale, the director now directly owns 12,280 shares of the company's stock, valued at $271,388. This represents a 65.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,632 shares of company stock valued at $937,887 over the last ninety days. 15.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered Finance of America Companies from a "buy" rating to a "neutral" rating and raised their target price for the company from $14.00 to $24.00 in a report on Wednesday, November 20th.

Finance of America Companies 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.