FlexShopper Inc (NASDAQ:FPAY) shares traded up 8.2% on Friday following insider buying activity. The stock traded as high as $0.82 and last traded at $0.79. 833,146 shares were traded during trading, an increase of 401% from the average session volume of 166,382 shares. The stock had previously closed at $0.73.

Specifically, CEO Brad Mitchell Bernstein acquired 50,000 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were purchased at an average price of $1.00 per share, for a total transaction of $50,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ravi Radhakrishnan acquired 90,000 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were bought at an average price of $1.00 per share, for a total transaction of $90,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 469,596 shares of company stock worth $415,774. 15.10% of the stock is owned by company insiders.

FlexShopper (NASDAQ:FPAY) last announced its quarterly earnings data on Monday, November 5th. The financial services provider reported ($0.56) earnings per share for the quarter. The firm had revenue of $21.01 million for the quarter.

A hedge fund recently bought a new stake in FlexShopper stock. Massey Quick Simon & CO. LLC acquired a new stake in shares of FlexShopper Inc (NASDAQ:FPAY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,864 shares of the financial services provider’s stock, valued at approximately $111,000. Massey Quick Simon & CO. LLC owned 0.64% of FlexShopper at the end of the most recent quarter. Institutional investors and hedge funds own 9.49% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/flexshopper-fpay-trading-8-2-higher-after-insider-buying-activity/2599197.html.

About FlexShopper (NASDAQ:FPAY)

FlexShopper, Inc, through its wholly owned subsidiary, FlexShopper, LLC, provides various types of durable goods to consumers on a lease-to-own basis (LTO) to consumers of third party retailers and e-tailers. It offers products through FlexShopper.com, an LTO e-commerce marketplace; e-commerce sites and in-store terminals by utilizing FlexShopper's LTO payment method; and facilitation of LTO transactions with retailers.

Featured Story: How is inflation measured?

Receive News & Ratings for FlexShopper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FlexShopper and related companies with MarketBeat.com's FREE daily email newsletter.