Insider Selling: Finance of America Companies Inc. (NYSE:FOA) President Sells 750 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen N. Sieffert sold 750 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $22.35, for a total transaction of $16,762.50. Following the sale, the president now directly owns 50,975 shares in the company, valued at $1,139,291.25. This trade represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Finance of America Companies Price Performance

Shares of NYSE FOA opened at $21.20 on Monday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. The business’s 50 day moving average price is $24.20 and its two-hundred day moving average price is $19.93. The company has a market cap of $210.38 million, a PE ratio of 1.81 and a beta of 1.18. Finance of America Companies Inc. has a twelve month low of $4.10 and a twelve month high of $32.40.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.24). Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The business had revenue of ($105.62) million for the quarter, compared to analyst estimates of $80.61 million. On average, analysts predict that Finance of America Companies Inc. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp bought a new position in Finance of America Companies during the 4th quarter worth $318,000. Millennium Management LLC raised its stake in Finance of America Companies by 14.2% in the 4th quarter. Millennium Management LLC now owns 49,415 shares of the company’s stock worth $1,390,000 after purchasing an additional 6,132 shares in the last quarter. Bank of America Corp DE boosted its holdings in Finance of America Companies by 3,503.1% in the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after purchasing an additional 2,242 shares during the period. Bastion Asset Management Inc. bought a new stake in Finance of America Companies in the 4th quarter valued at about $4,850,000. Finally, Northern Trust Corp acquired a new position in shares of Finance of America Companies during the 4th quarter worth approximately $479,000. 97.20% of the stock is owned by institutional investors and hedge funds.

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.