Finance of America Companies Inc. (NYSE:FOA) Receives Average Recommendation of “Hold” from Analysts

Finance of America Companies Inc. (NYSE:FOA) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $30.50.

Several equities analysts recently commented on the company. Alliance Global Partners assumed coverage on Finance of America Companies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $30.00 target price for the company. B. Riley Financial reissued a “buy” rating and set a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a report on Wednesday, August 5th. Zacks Research lowered 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 cut shares of Finance of America Companies from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings lowered shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th.

Finance of America Companies Stock Performance

FOA opened at $15.10 on Thursday. The stock has a market cap of $261.27 million, a PE ratio of -5.02 and a beta of 1.65. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 60.78. Finance of America Companies has a 1 year low of $14.80 and a 1 year high of $29.79. The stock’s 50 day simple moving average is $21.38 and its 200-day simple moving average is $20.45.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. The firm had revenue of $62.48 million during the quarter, compared to analyst estimates of $121.94 million. Sell-side analysts forecast that Finance of America Companies will post 4.16 EPS for the current year.

Insider Activity at Finance of America Companies

In other news, CIO Jeremy Prahm sold 6,000 shares of the firm’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 completion of the sale, the executive directly owned 167,856 shares in the company, valued at approximately $2,823,337.92. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,250 shares of company stock worth $535,470 in the last quarter. 35.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beach Point Capital Management LP boosted its holdings in Finance of America Companies by 557.5% in the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock valued at $19,111,000 after acquiring an additional 669,336 shares during the last quarter. Purpose Unlimited Inc. acquired a new position in Finance of America Companies during the 4th quarter valued at about $2,325,000. Dimensional Fund Advisors LP raised its stake in shares of Finance of America Companies by 56.7% during the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock worth $1,694,000 after buying an additional 36,929 shares during the last quarter. First Trust Advisors LP raised its position in shares of Finance of America Companies by 43.7% during the 1st quarter. First Trust Advisors LP now owns 17,210 shares of the company’s stock valued at $286,000 after acquiring an additional 5,236 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Finance of America Companies in the 2nd quarter valued at $240,000. Institutional investors and hedge funds own 97.20% of the company’s stock.

About Finance of America Companies

Finance of America Companies Inc (NYSE: FOA) is a financial services company focused on helping homeowners access and manage the value of their homes. The company’s primary business is its retirement solutions platform, which provides home-equity products designed to support financial planning and cash-flow needs for older homeowners.

Finance of America’s offerings include reverse mortgage products, including federally insured Home Equity Conversion Mortgages, as well as proprietary reverse mortgage solutions.