Finance of America Companies Inc. (NYSE:FOA) Sees Large Growth in Short Interest

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 383,800 shares, a growth of 159.7% from the November 30th total of 147,800 shares. Based on an average daily trading volume, of 92,300 shares, the short-interest ratio is currently 4.2 days. Currently, 9.6% of the shares of the stock are sold short.

Insider Activity

In other news, Director Norma Corio acquired 4,300 shares of the business's stock in a transaction on 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 purchase, the director now owns 16,580 shares in the company, valued at approximately $424,613.80. This represents a 35.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lance West sold 13,637 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.71, for a total value of $282,422.27. Following the completion of the transaction, the director now owns 56,363 shares in the company, valued at approximately $1,167,277.73. This trade represents a 19.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,632 shares of company stock worth $937,887 in the last quarter. Corporate insiders own 15.60% of the company's stock.

Institutional Trading of Finance of America Companies

Several large investors have recently added to or reduced their stakes in FOA. AQR Capital Management LLC acquired a new position in shares of Finance of America Companies during the 2nd quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Finance of America Companies in the 2nd quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Finance of America Companies by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company's stock worth $55,000 after buying an additional 3,000 shares during the last quarter. 97.20% of the stock is currently owned by hedge funds and other institutional investors.

Finance of America Companies Price Performance

FOA traded down $1.53 on Friday, reaching $27.02. 198,118 shares of the company's stock were exchanged, compared to its average volume of 41,588. The stock has a market cap of $268.20 million, a PE ratio of 2.31 and a beta of 1.22. 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 has a twelve month low of $4.10 and a twelve month high of $29.97. The stock's fifty day moving average price is $19.67 and its 200-day moving average price is $12.06.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.54. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. The business had revenue of $290.07 million during the quarter, compared to analyst estimates of $72.00 million. During the same period in the prior year, the business earned ($1.40) earnings per share. Sell-side analysts expect that Finance of America Companies will post 0.75 EPS for the current year.

Analyst Ratings Changes

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

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.