FlexShopper (FPAY) to Release Earnings on Monday

FlexShopper (NASDAQ:FPAY) will release its earnings data after the market closes on Monday, April 1st. Analysts expect FlexShopper to post earnings of ($0.26) per share for the quarter.

FlexShopper Trading Up 4.5 %

Shares of FPAY stock opened at $1.37 on Thursday. The stock’s fifty day moving average is $1.22 and its two-hundred day moving average is $1.27. The company has a debt-to-equity ratio of 17.12, a quick ratio of 13.36 and a current ratio of 13.36. The firm has a market capitalization of $29.66 million, a P/E ratio of -68.50 and a beta of 1.18. FlexShopper has a fifty-two week low of $0.68 and a fifty-two week high of $2.47.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its holdings in shares of FlexShopper by 65.0% during the 4th quarter. Northern Trust Corp now owns 38,983 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 15,361 shares during the period. State Street Corp raised its holdings in shares of FlexShopper by 204.4% during the 3rd quarter. State Street Corp now owns 51,826 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 34,800 shares during the period. Vanguard Group Inc. raised its holdings in shares of FlexShopper by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 638,583 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 12,232 shares during the period. Marshall Wace LLP purchased a new position in shares of FlexShopper during the 3rd quarter worth $287,000. Finally, Renaissance Technologies LLC raised its holdings in shares of FlexShopper by 53.4% during the 3rd quarter. Renaissance Technologies LLC now owns 287,780 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 100,125 shares during the period. Hedge funds and other institutional investors own 19.41% of the company’s stock.

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 durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories.