RBF Capital LLC Trims Holdings in Finance of America Companies Inc. (NYSE:FOA)

RBF Capital LLC trimmed its stake in Finance of America Companies Inc. (NYSE:FOA) by 89.5% during the third quarter, Holdings Channel.com reports. The fund owned 98,065 shares of the company’s stock after selling 839,308 shares during the period. RBF Capital LLC’s holdings in Finance of America Companies were worth $1,135,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of Finance of America Companies by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after acquiring an additional 3,000 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Finance of America Companies in the 2nd quarter valued at approximately $43,000. Finally, AQR Capital Management LLC purchased a new stake in Finance of America Companies during the 2nd quarter worth approximately $41,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

Finance of America Companies Price Performance

Shares of FOA opened at $21.36 on Thursday. Finance of America Companies Inc. has a fifty-two week low of $4.10 and a fifty-two week high of $27.89. The firm’s 50 day moving average price is $14.57 and its 200 day moving average price is $9.78. The company has a market cap of $212.10 million, a P/E ratio of 1.83 and a beta of 1.22. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.54. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The company had revenue of $290.07 million for the quarter, compared to the consensus estimate of $72.00 million. During the same period in the prior year, the firm posted ($1.40) EPS. On average, research analysts forecast that Finance of America Companies Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Finance of America Companies Profile

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.