Jeremy Prahm Sells 5,228 Shares of Finance of America Companies (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 5,228 shares of Finance of America Companies stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $21.39, for a total value of $111,826.92. Following the sale, the executive directly owned 226,968 shares of the company’s stock, valued at approximately $4,854,845.52. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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, April 20th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $23.01, for a total value of $138,060.00.
• On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $17.83, for a total value of $93,215.24.
• On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $17.50, for a total value of $105,000.00.

Finance of America Companies Stock Performance

NYSE FOA traded down $1.61 during trading hours on Monday, reaching $19.89. The stock had a trading volume of 44,151 shares, compared to its average volume of 89,324. Finance of America Companies Inc. has a 52-week low of $15.77 and a 52-week high of $29.58. The stock has a fifty day moving average of $18.94 and a 200 day moving average of $21.52. The company has a debt-to-equity ratio of 47.80, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a market cap of $170.02 million, a P/E ratio of 49.71 and a beta of 1.69.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.84 by $0.26. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.59%. The business had revenue of $120.14 million during the quarter, compared to analysts’ expectations of $115.31 million. Sell-side analysts predict that Finance of America Companies Inc. will post 4.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FOA has been the subject of several research reports. Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial assumed coverage on Finance of America Companies in a research note on Thursday, April 2nd. They set a “buy” rating and a $22.50 price objective for the company. Finally, Zacks Research upgraded Finance of America Companies to a “hold” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.00.

Hedge Funds Weigh In On Finance of America Companies

A number of institutional investors have recently modified their holdings of FOA. Beach Point Capital Management LP raised its stake in shares of Finance of America Companies by 557.5% during the 4th 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. purchased a new position in shares of Finance of America Companies during the 3rd quarter valued at about $3,147,000. Purpose Unlimited Inc. purchased a new position in shares of Finance of America Companies during the 4th quarter valued at about $2,325,000. Russell Investments Group Ltd. raised its stake in shares of Finance of America Companies by 5,866.5% during the 4th quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company’s stock valued at $1,875,000 after buying an additional 76,147 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Finance of America Companies by 239.3% during the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock valued at $1,994,000 after buying an additional 62,687 shares during the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

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.