Short Interest in Finance of America Companies Inc. (NYSE:FOA) Rises By 63.9%

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 629,200 shares, an increase of 63.9% from the December 15th total of 383,800 shares. Based on an average daily volume of 127,600 shares, the days-to-cover ratio is currently 4.9 days. Currently, 15.1% of the company's stock are sold short.

Analyst Upgrades and Downgrades

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

Finance of America Companies Stock Performance

NYSE:FOA traded up $0.22 during trading hours on Friday, reaching $27.51. 128,250 shares of the stock were exchanged, compared to its average volume of 203,031. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. The firm has a 50 day simple moving average of $24.37 and a 200-day simple moving average of $14.51. Finance of America Companies has a 52 week low of $4.10 and a 52 week high of $32.40. The stock has a market capitalization of $273.17 million, a P/E ratio of 2.35 and a beta of 1.11.

Finance of America Companies (NYSE:FOA - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.54. The company had revenue of $290.07 million for the quarter, compared to the consensus estimate of $72.00 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. During the same quarter last year, the business posted ($1.40) EPS. As a group, sell-side analysts forecast that Finance of America Companies will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Finance of America Companies

In other Finance of America Companies news, Director Lance West sold 6,750 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $21.00, for a total transaction of $141,750.00. Following the completion of the sale, the director now owns 23,245 shares in the company, valued at $488,145. This trade represents a 22.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Norma Corio bought 4,300 shares of Finance of America Companies stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $25.61 per share, for a total transaction of $110,123.00. Following the acquisition, the director now owns 16,580 shares in the company, valued at $424,613.80. The trade was a 35.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 43,632 shares of company stock worth $937,887 in the last 90 days. 15.60% of the stock is owned by corporate insiders.

Institutional Trading of Finance of America Companies

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of Finance of America Companies in the 2nd quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Finance of America Companies in the 2nd quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC increased its position in Finance of America Companies by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company's stock valued at $55,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 97.20% of the company's stock.

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.