Kristen N. Sieffert Sells 750 Shares of Finance of America Companies Inc. (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen N. Sieffert sold 750 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $22.35, for a total value of $16,762.50. Following the sale, the president now directly owns 50,975 shares in the company, valued at $1,139,291.25. This trade represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Finance of America Companies Price Performance

FOA opened at $21.20 on Friday. The company’s 50-day simple moving average is $24.20 and its two-hundred day simple moving average is $19.85. 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 market capitalization of $210.38 million, a P/E ratio of 1.81 and a beta of 1.18. Finance of America Companies Inc. has a 52-week low of $4.10 and a 52-week high of $32.40.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data 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 net margin of 18.89% and a negative return on equity of 4.00%. The company had revenue of ($105.62) million for the quarter, compared to the consensus estimate of $80.61 million. As a group, analysts predict that Finance of America Companies Inc. will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Finance of America Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Nkcfo LLC bought a new position in Finance of America Companies in the fourth quarter valued at about $815,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Finance of America Companies during the 4th quarter valued at about $562,000. American Century Companies Inc. bought a new position in shares of Finance of America Companies in the 4th quarter worth approximately $781,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Finance of America Companies in the fourth quarter worth approximately $984,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Finance of America Companies during the fourth quarter valued at approximately $369,000. 97.20% of the stock is currently owned by hedge funds and other institutional investors.

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.