Jeremy Prahm Sells 8,860 Shares of Finance of America Companies (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOAGet Free Report) CIO Jeremy Prahm sold 8,860 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $20.49, for a total transaction of $181,541.40. Following the sale, the executive directly owned 203,856 shares of the company’s stock, valued at approximately $4,177,009.44. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

  • On Monday, May 18th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $19.68, for a total transaction of $118,080.00.
  • On Thursday, May 7th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The shares were sold at an average price of $21.39, for a total transaction of $111,826.92.
  • On Monday, April 20th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $23.01, for a total transaction of $138,060.00.
  • On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The shares were sold at an average price of $17.83, for a total transaction of $93,215.24.
  • On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00.

Finance of America Companies Trading Down 0.5%

Shares of NYSE:FOA traded down $0.10 during mid-day trading on Tuesday, hitting $19.86. The stock had a trading volume of 59,051 shares, compared to its average volume of 80,713. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market cap of $176.51 million, a PE ratio of 49.64 and a beta of 1.67. Finance of America Companies Inc. has a 12-month low of $15.77 and a 12-month high of $29.58. The company’s 50 day moving average is $20.11 and its 200-day moving average is $20.95.

Finance of America Companies (NYSE:FOAGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.84 by $0.26. The business had revenue of $120.14 million during the quarter, compared to the consensus estimate of $115.31 million. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. On average, sell-side analysts predict that Finance of America Companies Inc. will post 4.59 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Finance of America Companies by 183.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after purchasing an additional 822 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Finance of America Companies during the 3rd quarter worth $29,000. JPMorgan Chase & Co. increased its stake in shares of Finance of America Companies by 4,270.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after purchasing an additional 2,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Finance of America Companies during the 2nd quarter worth $57,000. Finally, Bank of America Corp DE increased its stake in shares of 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 worth $65,000 after purchasing an additional 2,242 shares during the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Zacks Research upgraded Finance of America Companies to a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, B. Riley Financial started coverage on Finance of America Companies in a report on Thursday, April 2nd. They set a “buy” rating and a $22.50 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.00.

Get Our Latest Stock Analysis on FOA

About Finance of America Companies

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Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.

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Insider Buying and Selling by Quarter for Finance of America Companies (NYSE:FOA)

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