Finance of America Companies Inc. (NYSE:FOA) Director Lance West Sells 13,637 Shares

Finance of America Companies Inc. (NYSE:FOA) Director Lance West sold 13,637 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.71, for a total transaction of $282,422.27. Following the completion of the transaction, the director now directly owns 56,363 shares in the company, valued at $1,167,277.73. This trade represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Finance of America Companies Stock Down 5.9 %

Shares of Finance of America Companies stock traded down $1.23 during trading hours on Friday, reaching $19.75. The company’s stock had a trading volume of 86,593 shares, compared to its average volume of 31,603. Finance of America Companies Inc. has a one year low of $4.10 and a one year high of $27.89. The company has a market capitalization of $196.04 million, a P/E ratio of 1.79 and a beta of 1.22. The stock’s fifty day simple moving average is $15.00 and its two-hundred day simple moving average is $9.94. 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 (NYSE:FOA) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.54. The firm had revenue of $290.07 million for the quarter, compared to analyst estimates of $72.00 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. During the same period last year, the firm earned ($1.40) earnings per share. On average, research analysts forecast that Finance of America Companies Inc. will post 0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Finance of America Companies

Several institutional investors and hedge funds have recently made changes to their positions in FOA. AQR Capital Management LLC purchased a new stake in shares of Finance of America Companies in the second quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Finance of America Companies in the second quarter valued at about $43,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors 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.