Finance of America Companies (NYSE:FOA) CIO Sells $130,380.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $21.73, for a total transaction of $130,380.00. Following the sale, the executive directly owned 179,856 shares in the company, valued at $3,908,270.88. The trade was a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Thursday, August 6th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $22.26, for a total value of $133,560.00.
• On Monday, June 15th, Jeremy Prahm sold 8,860 shares of Finance of America Companies stock. The stock was sold at an average price of $20.49, for a total value of $181,541.40.
• On Monday, May 18th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $19.68, for a total value of $118,080.00.

Finance of America Companies Stock Performance

Shares of FOA opened at $21.88 on Friday. The stock’s 50-day simple moving average is $23.20 and its 200 day simple moving average is $21.04. The stock has a market capitalization of $378.66 million, a price-to-earnings ratio of -7.27 and a beta of 1.65. The company has a debt-to-equity ratio of 60.78, a quick ratio of 2.62 and a current ratio of 3.02. Finance of America Companies Inc. has a 52-week low of $15.77 and a 52-week high of $29.79.

Finance of America Companies (NYSE:FOA) last posted its earnings results on Tuesday, August 4th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. The company had revenue of $62.48 million for the quarter, compared to analysts’ expectations of $121.94 million. Research analysts forecast that Finance of America Companies Inc. will post 4.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Finance of America Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Finance of America Companies during the 1st quarter valued at $90,000. First Trust Advisors LP increased its stake in Finance of America Companies by 43.7% in the first quarter. First Trust Advisors LP now owns 17,210 shares of the company’s stock valued at $286,000 after acquiring an additional 5,236 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Finance of America Companies by 56.7% during the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock valued at $1,694,000 after purchasing an additional 36,929 shares in the last quarter. Purpose Unlimited Inc. bought a new stake in Finance of America Companies during the fourth quarter worth about $2,325,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Finance of America Companies by 160.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,304 shares of the company’s stock worth $80,000 after purchasing an additional 2,035 shares during the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

Analyst Ratings Changes

FOA has been the topic of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating and set a $32.00 target price (up from $25.00) on shares of Finance of America Companies in a report on Wednesday, August 5th. Zacks Research lowered shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Alliance Global Partners started coverage on shares of Finance of America Companies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 price target on the stock. Weiss Ratings downgraded Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.50.

Finance of America Companies Company Profile

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.