Insider Buying: FlexShopper, Inc. (NASDAQ:FPAY) Director Buys 9,800 Shares of Stock

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin acquired 9,800 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average price of $1.26 per share, with a total value of $12,348.00. Following the completion of the acquisition, the director now owns 4,450,046 shares in the company, valued at $5,607,057.96. The purchase was disclosed in a filing with the SEC, which is available at this link.

Howard Dvorkin also recently made the following trade(s):

• On Tuesday, June 25th, Howard Dvorkin bought 6,111 shares of FlexShopper stock. The shares were acquired at an average cost of $1.21 per share, with a total value of $7,394.31.
• On Monday, June 17th, Howard Dvorkin bought 6,000 shares of FlexShopper stock. The stock was acquired at an average cost of $1.20 per share, for a total transaction of $7,200.00.
• On Thursday, June 13th, Howard Dvorkin bought 5,500 shares of FlexShopper stock. The shares were acquired at an average price of $1.24 per share, for a total transaction of $6,820.00.
• On Tuesday, June 11th, Howard Dvorkin purchased 20,467 shares of FlexShopper stock. The stock was bought at an average price of $1.15 per share, with a total value of $23,537.05.
• On Friday, June 7th, Howard Dvorkin acquired 64,054 shares of FlexShopper stock. The shares were bought at an average price of $1.12 per share, for a total transaction of $71,740.48.
• On Wednesday, June 5th, Howard Dvorkin bought 7,833 shares of FlexShopper stock. The stock was bought at an average cost of $1.11 per share, with a total value of $8,694.63.
• On Monday, June 3rd, Howard Dvorkin bought 52,200 shares of FlexShopper stock. The shares were bought at an average price of $1.10 per share, for a total transaction of $57,420.00.
• On Wednesday, May 29th, Howard Dvorkin purchased 18,226 shares of FlexShopper stock. The stock was bought at an average price of $1.14 per share, with a total value of $20,777.64.
• On Wednesday, May 22nd, Howard Dvorkin acquired 3,381 shares of FlexShopper stock. The stock was purchased at an average cost of $1.16 per share, with a total value of $3,921.96.
• On Monday, May 20th, Howard Dvorkin bought 17,814 shares of FlexShopper stock. The shares were purchased at an average cost of $1.16 per share, for a total transaction of $20,664.24.

FlexShopper Stock Performance

Shares of FPAY opened at $1.24 on Thursday. The firm has a market cap of $26.97 million, a price-to-earnings ratio of -3.88 and a beta of 1.33. The company has a quick ratio of 13.70, a current ratio of 13.70 and a debt-to-equity ratio of 19.16. The business’s 50 day moving average is $1.15 and its two-hundred day moving average is $1.26. FlexShopper, Inc. has a 52-week low of $0.75 and a 52-week high of $2.47.

FlexShopper (NASDAQ:FPAY) last released its earnings results on Monday, May 13th. The financial services provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $33.95 million during the quarter, compared to the consensus estimate of $29.30 million. FlexShopper had a negative net margin of 3.51% and a negative return on equity of 58.72%. Analysts forecast that FlexShopper, Inc. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in FlexShopper stock. Heron Bay Capital Management purchased a new stake in shares of FlexShopper, Inc. (NASDAQ:FPAY) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,544 shares of the financial services provider’s stock, valued at approximately $43,000. Heron Bay Capital Management owned approximately 0.13% of FlexShopper at the end of the most recent quarter. 19.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 price objective on shares of FlexShopper in a report on Wednesday, May 15th.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.