Finance of America Companies Inc. (NYSE:FOA) President Sells $16,762.50 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen N. Sieffert sold 750 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $22.35, for a total transaction of $16,762.50. Following the transaction, the president now owns 50,975 shares in the company, valued at $1,139,291.25. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Finance of America Companies Stock Down 3.4 %

NYSE:FOA traded down $0.76 during trading hours on Friday, reaching $21.20. The company had a trading volume of 102,022 shares, compared to its average volume of 74,968. Finance of America Companies Inc. has a twelve month low of $4.10 and a twelve month high of $32.40. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. The firm has a market cap of $210.38 million, a price-to-earnings ratio of 1.81 and a beta of 1.18. The business’s 50-day simple moving average is $24.34 and its two-hundred day simple moving average is $19.67.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, March 11th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.24). Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The firm had revenue of ($105.62) million during the quarter, compared to analyst estimates of $80.61 million. On average, equities analysts expect that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Finance of America Companies

Hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of Finance of America Companies during the fourth quarter worth approximately $52,000. Bank of America Corp DE increased its stake in Finance of America Companies by 3,503.1% during the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after purchasing an additional 2,242 shares in the last quarter. Stifel Financial Corp bought a new stake in Finance of America Companies during the 4th quarter valued at $204,000. XTX Topco Ltd acquired a new position in Finance of America Companies during the fourth quarter worth $213,000. Finally, Marshall Wace LLP bought a new position in shares of Finance of America Companies in the fourth quarter valued at $277,000. Institutional investors and hedge funds own 97.20% of the company’s stock.

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.