Kristen Sieffert Sells 750 Shares of Finance of America Companies (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $23.61, for a total transaction of $17,707.50. Following the completion of the transaction, the president owned 125,512 shares in the company, valued at $2,963,338.32. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Stock Down 0.5%

Shares of NYSE:FOA opened at $22.15 on Friday. The business’s 50 day moving average is $22.92 and its 200 day moving average is $21.10. The stock has a market cap of $196.92 million, a P/E ratio of -7.36 and a beta of 1.65. Finance of America Companies Inc. has a 52-week low of $15.77 and a 52-week high of $29.79. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 43.57.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, August 4th. The company reported $0.84 earnings per share 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 analysts’ expectations of $121.94 million. Finance of America Companies had a positive return on equity of 28.51% and a negative net margin of 0.10%. Sell-side analysts predict that Finance of America Companies Inc. will post 4.44 EPS for the current year.

Analyst Ratings Changes

FOA has been the topic of a number of research reports. Wall Street Zen downgraded shares of Finance of America Companies from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Alliance Global Partners assumed coverage on shares of Finance of America Companies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings raised shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Finally, B. Riley Financial restated a “buy” rating and set a $32.00 target price (up from $25.00) on shares of Finance of America Companies in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.50.

Institutional Investors Weigh In On Finance of America Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beach Point Capital Management LP boosted its stake in Finance of America Companies by 557.5% in the 4th quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after purchasing an additional 669,336 shares in the last quarter. Invesco Ltd. acquired a new position in Finance of America Companies during the 3rd quarter valued at approximately $3,147,000. Geode Capital Management LLC raised its holdings in shares of Finance of America Companies by 66.2% in the second quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock worth $3,188,000 after buying an additional 54,429 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 period. Finally, Purpose Unlimited Inc. acquired a new stake in shares of Finance of America Companies during the fourth quarter worth $2,325,000. 97.20% of the stock is currently owned by hedge funds and other institutional investors.

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.