Insider Buying: FlexShopper, Inc. (NASDAQ:FPAY) Director Buys $11,700.00 in Stock

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of $1.17 per share, for a total transaction of $11,700.00. Following the acquisition, the director now directly owns 4,514,977 shares of the company’s stock, valued at approximately $5,282,523.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Howard Dvorkin also recently made the following trade(s):

• On Thursday, August 15th, Howard Dvorkin purchased 5,192 shares of FlexShopper stock. The shares were bought at an average cost of $1.12 per share, for a total transaction of $5,815.04.
• On Tuesday, August 13th, Howard Dvorkin acquired 26,756 shares of FlexShopper stock. The stock was bought at an average cost of $1.06 per share, with a total value of $28,361.36.
• On Friday, June 28th, Howard Dvorkin purchased 9,800 shares of FlexShopper stock. The shares were purchased at an average cost of $1.26 per share, for a total transaction of $12,348.00.
• On Tuesday, June 25th, Howard Dvorkin acquired 6,111 shares of FlexShopper stock. The stock was purchased at an average cost of $1.21 per share, with a total value of $7,394.31.
• On Monday, June 17th, Howard Dvorkin bought 6,000 shares of FlexShopper stock. The stock was purchased at an average cost of $1.20 per share, for a total transaction of $7,200.00.
• On Thursday, June 13th, Howard Dvorkin purchased 5,500 shares of FlexShopper stock. The shares were acquired at an average price of $1.24 per share, with a total value of $6,820.00.
• On Tuesday, June 11th, Howard Dvorkin acquired 20,467 shares of FlexShopper stock. The stock was acquired at an average cost of $1.15 per share, with a total value of $23,537.05.
• On Friday, June 7th, Howard Dvorkin bought 64,054 shares of FlexShopper stock. The shares were acquired at an average cost of $1.12 per share, for a total transaction of $71,740.48.
• On Wednesday, June 5th, Howard Dvorkin purchased 7,833 shares of FlexShopper stock. The shares were acquired at an average cost of $1.11 per share, with a total value of $8,694.63.
• On Monday, June 3rd, Howard Dvorkin acquired 52,200 shares of FlexShopper stock. The stock was bought at an average price of $1.10 per share, for a total transaction of $57,420.00.

FlexShopper Trading Up 2.1 %

Shares of NASDAQ:FPAY opened at $1.21 on Thursday. FlexShopper, Inc. has a 12-month low of $0.93 and a 12-month high of $1.95. The business has a 50 day moving average of $1.16 and a 200-day moving average of $1.17. The company has a quick ratio of 13.70, a current ratio of 13.70 and a debt-to-equity ratio of 19.16. The stock has a market cap of $26.21 million, a PE ratio of -3.77 and a beta of 1.33.

FlexShopper (NASDAQ:FPAY) last posted its earnings results on Tuesday, August 6th. The financial services provider reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. FlexShopper had a negative return on equity of 58.72% and a negative net margin of 3.51%. The company had revenue of $31.76 million during the quarter, compared to the consensus estimate of $31.00 million. As a group, equities research analysts forecast that FlexShopper, Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research note on Wednesday, May 15th.

Institutional Trading of FlexShopper

A number of institutional investors have recently bought and sold shares of the business. Heron Bay Capital Management bought a new position in shares of FlexShopper during the first quarter worth approximately $43,000. Insigneo Advisory Services LLC acquired a new stake in FlexShopper during the second quarter worth approximately $58,000. Renaissance Technologies LLC raised its holdings in FlexShopper by 30.0% in the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 50,847 shares in the last quarter. Finally, Waterfall Asset Management LLC acquired a new position in FlexShopper in the 4th quarter valued at $2,721,000. Institutional investors own 19.41% of the company’s stock.

About FlexShopper

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.