Insider Selling: Finance of America Companies Inc. (NYSE:FOA) Director Sells $141,750.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) Director Lance West sold 6,750 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $21.00, for a total value of $141,750.00. Following the sale, the director now owns 23,245 shares of the company’s stock, valued at $488,145. This trade represents a 22.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lance West also recently made the following trade(s):

• On Tuesday, December 10th, Lance West sold 23,245 shares of Finance of America Companies stock. The shares were sold at an average price of $22.10, for a total transaction of $513,714.50.
• On Wednesday, December 4th, Lance West sold 13,637 shares of Finance of America Companies stock. The stock was sold at an average price of $20.71, for a total transaction of $282,422.27.

Finance of America Companies Price Performance

Shares of FOA stock opened at $25.68 on Friday. The stock’s 50-day simple moving average is $16.21 and its 200-day simple moving average is $10.50. The firm has a market capitalization of $255.00 million, a price-to-earnings ratio of 2.19 and a beta of 1.22. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. Finance of America Companies Inc. has a fifty-two week low of $4.10 and a fifty-two week high of $27.89.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.54. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. The company had revenue of $290.07 million during the quarter, compared to analysts’ expectations of $72.00 million. During the same quarter in the previous year, the firm posted ($1.40) EPS. As a group, equities analysts forecast that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Finance of America Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in Finance of America Companies by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after purchasing an additional 3,000 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Finance of America Companies during the second quarter worth about $43,000. Finally, AQR Capital Management LLC purchased a new position in Finance of America Companies during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 97.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered shares of Finance of America Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $14.00 to $24.00 in a report on Wednesday, November 20th.

About Finance of America Companies

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.