Finance of America Companies (NYSE:FOA) CIO Jeremy Prahm Sells 6,000 Shares

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $16.82, for a total value of $100,920.00. Following the transaction, the executive directly owned 167,856 shares of the company’s stock, valued at $2,823,337.92. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 24th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $19.87, for a total value of $119,220.00.
• On Monday, August 10th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $21.73, for a total value of $130,380.00.
• 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 transaction of $133,560.00.
• On Monday, June 15th, Jeremy Prahm sold 8,860 shares of Finance of America Companies stock. The shares were sold at an average price of $20.49, for a total transaction of $181,541.40.

Finance of America Companies Price Performance

Shares of FOA traded down $0.29 during trading hours on Thursday, reaching $15.67. The stock had a trading volume of 88,292 shares, compared to its average volume of 74,144. The company’s 50-day moving average is $22.10 and its two-hundred day moving average is $20.54. Finance of America Companies Inc. has a 12 month low of $15.55 and a 12 month high of $29.79. The stock has a market capitalization of $271.23 million, a PE ratio of -5.21 and a beta of 1.65. The company has a debt-to-equity ratio of 60.78, a quick ratio of 3.02 and a current ratio of 3.02.

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

Hedge Funds Weigh In On Finance of America Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. Beach Point Capital Management LP grew its stake in shares of Finance of America Companies by 557.5% during the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock valued at $19,111,000 after buying an additional 669,336 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Finance of America Companies in the 3rd quarter valued at about $3,147,000. Geode Capital Management LLC boosted its holdings in Finance of America Companies by 66.2% during the 2nd quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock valued at $3,188,000 after acquiring an additional 54,429 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Finance of America Companies by 56.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock valued at $1,694,000 after acquiring an additional 36,929 shares during the period. Finally, Purpose Unlimited Inc. bought a new position in Finance of America Companies during the 4th quarter worth approximately $2,325,000. Institutional investors own 97.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FOA. B. Riley Financial restated a “buy” rating and issued a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a report on Wednesday, August 5th. Alliance Global Partners assumed coverage on Finance of America Companies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 price objective for the company. Zacks Research cut shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings lowered Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.