Finance of America Companies Inc. (NYSE:FOA) Short Interest Update

Finance of America Companies Inc. (NYSE:FOA) saw 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 trading 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.

Insider Transactions at Finance of America Companies

In related news, Director Lance West sold 6,750 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 23,245 shares of the company’s stock, valued at approximately $488,145. The trade was a 22.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Norma Corio acquired 4,300 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $25.61 per share, with a total value of $110,123.00. Following the transaction, the director now directly owns 16,580 shares in the company, valued at $424,613.80. The trade was a 35.02 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 43,632 shares of company stock worth $937,887. 15.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Finance of America Companies

Several large investors have recently added to or reduced their stakes in FOA. AQR Capital Management LLC bought a new stake in Finance of America Companies during the 2nd quarter worth approximately $41,000. Renaissance Technologies LLC boosted its stake in Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Finance of America Companies during the second quarter worth $43,000. Institutional investors and hedge funds own 97.20% of the company’s stock.

Finance of America Companies Stock Performance

Finance of America Companies stock traded down $0.55 during trading hours on Friday, hitting $26.75. The stock had a trading volume of 60,225 shares, compared to its average volume of 216,811. The company has a 50-day moving average of $24.14 and a two-hundred day moving average of $14.28. 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 company has a market cap of $265.58 million, a PE ratio of 2.29 and a beta of 1.11. Finance of America Companies has a fifty-two week low of $4.10 and a fifty-two week high of $32.40.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.13 by $0.54. The firm had revenue of $290.07 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted ($1.40) EPS. On average, equities research analysts anticipate that Finance of America Companies will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, UBS Group cut Finance of America Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $14.00 to $24.00 in a research report on Wednesday, November 20th.

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.