Finance of America Companies Inc. (NYSE:FOA) President Sells $16,762.50 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen N. Sieffert sold 750 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $22.35, for a total transaction of $16,762.50. Following the transaction, the president now owns 50,975 shares of the company’s stock, valued at approximately $1,139,291.25. This trade represents a 1.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Finance of America Companies Trading Down 3.4 %

Finance of America Companies stock opened at $21.20 on Friday. The firm has a market capitalization of $210.38 million, a price-to-earnings ratio of 1.81 and a beta of 1.18. 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 company has a 50 day moving average price of $24.20 and a 200 day moving average price of $19.77. 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 results on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.24). The firm had revenue of ($105.62) million for the quarter, compared to the consensus estimate of $80.61 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. Research analysts forecast that Finance of America Companies Inc. will post 0.75 EPS for the current year.

Institutional Trading of Finance of America Companies

Hedge funds have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of Finance of America Companies during the 4th quarter worth approximately $52,000. Geode Capital Management LLC increased its stake in Finance of America Companies by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 79,123 shares of the company’s stock worth $2,226,000 after purchasing an additional 2,207 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Finance of America Companies by 3,503.1% during the fourth quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock worth $65,000 after acquiring an additional 2,242 shares during the period. Millennium Management LLC lifted its holdings in shares of Finance of America Companies by 14.2% in the fourth quarter. Millennium Management LLC now owns 49,415 shares of the company’s stock valued at $1,390,000 after purchasing an additional 6,132 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Finance of America Companies during the 4th quarter worth approximately $204,000. 97.20% of the stock is owned by 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.