Tai A. Thornock Sells 1,100 Shares of Finance of America Companies Inc. (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) CAO Tai A. Thornock sold 1,100 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $22.35, for a total value of $24,585.00. Following the completion of the sale, the chief accounting officer now owns 12,442 shares of the company’s stock, valued at approximately $278,078.70. This trade represents a 8.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Finance of America Companies Price Performance

FOA opened at $21.20 on Friday. 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 PE ratio of 1.81 and a beta of 1.18. The stock’s 50 day moving average price is $24.20 and its 200-day moving average price is $19.85. 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 (EPS) 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 analysts’ expectations of $80.61 million. On average, equities research 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

A number of institutional investors have recently bought and sold shares of FOA. Nkcfo LLC purchased a new position in shares of Finance of America Companies during the 4th quarter worth approximately $815,000. Citizens Financial Group Inc. RI bought a new stake in shares of Finance of America Companies during the fourth quarter valued at approximately $562,000. Barclays PLC purchased a new stake in Finance of America Companies in the fourth quarter worth $492,000. Marshall Wace LLP bought a new position in Finance of America Companies in the fourth quarter worth $277,000. Finally, Bastion Asset Management Inc. purchased a new position in Finance of America Companies during the fourth quarter valued at $4,850,000. 97.20% of the stock is owned by institutional investors.

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.