Finance of America Companies Inc. (NYSE:FOA) CAO Tai A. Thornock Sells 1,100 Shares

Finance of America Companies Inc. (NYSE:FOA) CAO Tai A. Thornock sold 1,100 shares of Finance of America Companies stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $22.35, for a total value of $24,585.00. Following the completion of the transaction, the chief accounting officer now owns 12,442 shares of the company’s stock, valued at approximately $278,078.70. The trade was a 8.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Finance of America Companies Stock Performance

Finance of America Companies stock opened at $21.20 on Friday. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80. Finance of America Companies Inc. has a 12 month low of $4.10 and a 12 month high of $32.40. The company has a fifty day moving average price of $24.20 and a two-hundred day moving average price of $19.77. The company has a market cap of $210.38 million, a PE ratio of 1.81 and a beta of 1.18.

Finance of America Companies (NYSE:FOA) last posted its quarterly 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). The business had revenue of ($105.62) million during the quarter, compared to analyst estimates of $80.61 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. Research analysts expect that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Finance of America Companies

Institutional investors have recently made changes to their positions in the stock. Bastion Asset Management Inc. acquired a new position in Finance of America Companies during the 4th quarter valued at approximately $4,850,000. Renaissance Technologies LLC grew its position in shares of Finance of America Companies by 600.5% during the fourth quarter. Renaissance Technologies LLC now owns 89,495 shares of the company’s stock worth $2,517,000 after acquiring an additional 76,719 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Finance of America Companies in the 4th quarter worth about $984,000. Nkcfo LLC bought a new stake in Finance of America Companies in the 4th quarter valued at about $815,000. Finally, American Century Companies Inc. bought a new position in Finance of America Companies in the 4th quarter worth about $781,000. 97.20% of the stock is owned by institutional investors.

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.