Finance of America Companies Inc. (NYSE:FOA – Get Free Report) CIO Jeremy Prahm sold 6,000 shares of Finance of America Companies stock in a transaction on Monday, October 5th. The shares were sold at an average price of $13.20, for a total value of $79,200.00. Following the completion of the sale, the executive owned 155,856 shares in the company, valued at $2,057,299.20. This represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Monday, September 21st, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $13.98, for a total value of $83,880.00.
- On Tuesday, September 8th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $16.82, for a total value of $100,920.00.
- On Monday, August 24th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $19.87, for a total transaction of $119,220.00.
- On Monday, August 10th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $21.73, for a total transaction of $130,380.00.
- 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.
Finance of America Companies Trading Up 0.5%
FOA stock traded up $0.07 during mid-day trading on Wednesday, hitting $13.05. 50,451 shares of the company were exchanged, compared to its average volume of 74,030. Finance of America Companies Inc. has a 12-month low of $12.15 and a 12-month high of $29.79. The firm has a market capitalization of $225.98 million, a P/E ratio of -4.34 and a beta of 1.68. The business has a fifty day simple moving average of $17.99 and a 200-day simple moving average of $19.98. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 60.78.
Institutional Investors Weigh In On Finance of America Companies
A number of hedge funds have recently added to or reduced their stakes in FOA. Purpose Unlimited Inc. acquired a new position in shares of Finance of America Companies in the fourth quarter worth $2,325,000. Dimensional Fund Advisors LP increased its position in shares of Finance of America Companies by 56.7% during the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock worth $1,694,000 after acquiring an additional 36,929 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Finance of America Companies in the second quarter valued at $240,000. First Trust Advisors LP raised its stake in shares of Finance of America Companies by 43.7% in the first quarter. First Trust Advisors LP now owns 17,210 shares of the company’s stock valued at $286,000 after acquiring an additional 5,236 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Finance of America Companies by 160.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,304 shares of the company’s stock valued at $80,000 after purchasing an additional 2,035 shares during the period. 97.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on FOA shares. B. Riley Financial restated a “buy” rating and set a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Zacks Research downgraded Finance of America Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Alliance Global Partners started coverage on Finance of America Companies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $30.00 target price on the stock. Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings downgraded Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Finance of America Companies has a consensus rating of “Hold” and an average target price of $30.50.
View Our Latest Stock Analysis on Finance of America Companies
About Finance of America Companies
Finance of America Companies, Inc (NYSE: FOA) is a financial services company focused on helping older homeowners use their home equity as part of a broader retirement strategy. Through its subsidiaries, the company provides reverse mortgage products and related solutions designed to help homeowners access cash, supplement retirement income, manage expenses or remain in their homes.
The company’s reverse mortgage business, Finance of America Reverse, offers federally insured Home Equity Conversion Mortgages as well as proprietary reverse mortgage products, including HomeSafe.
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