Finance of America Companies Inc. (NYSE:FOA) Short Interest Update

Finance of America Companies Inc. (NYSE:FOA) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 709,922 shares, a decrease of 19.7% from the December 15th total of 884,019 shares. Based on an average daily volume of 170,617 shares, the days-to-cover ratio is currently 4.2 days. Approximately 12.0% of the company’s stock are short sold. Approximately 12.0% of the company’s stock are short sold. Based on an average daily volume of 170,617 shares, the days-to-cover ratio is currently 4.2 days.

Insider Buying and Selling

In other news, CAO Tai A. Thornock sold 1,100 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $23.04, for a total transaction of $25,344.00. Following the completion of the sale, the chief accounting officer directly owned 11,750 shares of the company’s stock, valued at $270,720. This trade represents a 8.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the transaction, the insider owned 2,161 shares of the company’s stock, valued at approximately $21,610. The trade was a 99.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,195,634 shares of company stock worth $32,000,339 in the last ninety days. Corporate insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On Finance of America Companies

Several institutional investors and hedge funds have recently bought and sold shares of FOA. Cooperman Leon G lifted its position in Finance of America Companies by 0.8% in the third quarter. Cooperman Leon G now owns 1,286,040 shares of the company’s stock valued at $28,846,000 after purchasing an additional 10,628 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Finance of America Companies in the third quarter worth $3,147,000. Geode Capital Management LLC raised 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 buying an additional 54,429 shares during the last quarter. Two Sigma Investments LP boosted its position in 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 period. Finally, American Century Companies Inc. boosted its position in Finance of America Companies by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 88,554 shares of the company’s stock valued at $2,065,000 after buying an additional 2,636 shares during the period. 97.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on FOA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Finance of America Companies in a research note on Monday, December 29th. UBS Group set a $29.50 target price on Finance of America Companies and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.75.

Finance of America Companies Trading Up 0.6%

Shares of FOA traded up $0.16 during mid-day trading on Monday, reaching $24.79. The company’s stock had a trading volume of 95,853 shares, compared to its average volume of 135,803. Finance of America Companies has a 52 week low of $16.58 and a 52 week high of $29.58. The stock has a market cap of $195.59 million, a PE ratio of -9.32 and a beta of 1.62. The company’s fifty day moving average price is $23.33 and its two-hundred day moving average price is $23.87. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 51.28.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, November 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.66. The business had revenue of $80.85 million during the quarter, compared to analysts’ expectations of $101.91 million. On average, analysts predict that Finance of America Companies will post 0.75 earnings per share for the current fiscal year.

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.