Finance of America Companies Inc. (NYSE:FOA – Get Free Report) CIO Jeremy Prahm sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $21.73, for a total value of $130,380.00. Following the completion of the sale, the executive directly owned 179,856 shares of the company’s stock, valued at approximately $3,908,270.88. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Prahm also recently made the following trade(s):
- On Thursday, August 6th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $22.26, for a total transaction of $133,560.00.
- On Monday, June 15th, Jeremy Prahm sold 8,860 shares of Finance of America Companies stock. The stock was sold at an average price of $20.49, for a total transaction of $181,541.40.
- On Monday, May 18th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $19.68, for a total transaction of $118,080.00.
Finance of America Companies Price Performance
Shares of Finance of America Companies stock opened at $22.35 on Friday. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. Finance of America Companies Inc. has a 52-week low of $15.77 and a 52-week high of $29.79. The company has a fifty day moving average of $23.16 and a 200-day moving average of $21.04. The stock has a market capitalization of $198.66 million, a price-to-earnings ratio of -7.42 and a beta of 1.65.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on FOA shares. Zacks Research lowered Finance of America Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Wall Street Zen lowered Finance of America Companies from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Alliance Global Partners started coverage on Finance of America Companies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 price target on the stock. Weiss Ratings cut Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Finally, B. Riley Financial reiterated a “buy” rating and issued a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Finance of America Companies presently has an average rating of “Hold” and an average target price of $30.50.
Check Out Our Latest Stock Analysis on FOA
Hedge Funds Weigh In On Finance of America Companies
A number of hedge funds have recently modified their holdings of the company. Beach Point Capital Management LP boosted its holdings in shares of Finance of America Companies by 557.5% during the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after purchasing an additional 669,336 shares during the period. Invesco Ltd. purchased a new position in Finance of America Companies during the 3rd quarter valued at about $3,147,000. Purpose Unlimited Inc. purchased a new position in Finance of America Companies during the 4th quarter valued at about $2,325,000. Russell Investments Group Ltd. increased its holdings in Finance of America Companies by 5,866.5% during the 4th quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company’s stock valued at $1,875,000 after purchasing an additional 76,147 shares during the period. Finally, Two Sigma Investments LP raised its position in Finance of America Companies by 239.3% during the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock valued at $1,994,000 after purchasing an additional 62,687 shares during the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.
Finance of America Companies Company Profile
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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