Finance of America Companies Inc. (NYSE:FOA) Short Interest Update

Finance of America Companies Inc. (NYSE:FOA) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 598,117 shares, a decrease of 15.7% from the December 31st total of 709,922 shares. Based on an average daily trading volume, of 123,255 shares, the short-interest ratio is currently 4.9 days. Approximately 10.1% of the company’s shares are sold short. Approximately 10.1% of the company’s shares are sold short. Based on an average daily trading volume, of 123,255 shares, the short-interest ratio is currently 4.9 days.

Finance of America Companies Trading Down 1.2%

Shares of NYSE:FOA opened at $23.05 on Wednesday. The company’s 50-day moving average price is $23.42 and its two-hundred day moving average price is $23.87. Finance of America Companies has a one year low of $16.58 and a one year high of $29.58. The company has a debt-to-equity ratio of 51.28, a current ratio of 2.64 and a quick ratio of 2.64. The stock has a market capitalization of $181.86 million, a PE ratio of -8.67 and a beta of 1.62.

Finance of America Companies (NYSE:FOA) last released its earnings results on Tuesday, November 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.66. The company had revenue of $80.85 million during the quarter, compared to analyst estimates of $101.91 million. On average, equities analysts forecast that Finance of America Companies will post 0.75 EPS for the current fiscal year.

Insider Buying and Selling

In other Finance of America Companies news, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. Following the completion of the sale, the insider directly owned 2,161 shares in the company, valued at $21,610. This represents a 99.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tai A. Thornock sold 1,100 shares of Finance of America Companies stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $24.58, for a total value of $27,038.00. Following the transaction, the chief accounting officer owned 10,650 shares in the company, valued at $261,777. This trade represents a 9.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,195,984 shares of company stock valued at $32,010,982. 25.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Finance of America Companies

Large investors have recently made changes to their positions in the stock. AlphaQuest LLC acquired a new stake in Finance of America Companies in the second quarter valued at $64,000. Citizens Financial Group Inc. RI raised its holdings in shares of Finance of America Companies by 12.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 27,000 shares of the company’s stock valued at $630,000 after purchasing an additional 3,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Finance of America Companies in the 2nd quarter valued at about $57,000. New York State Common Retirement Fund bought a new position in Finance of America Companies during the second quarter worth about $103,000. Finally, JPMorgan Chase & Co. increased its position in Finance of America Companies by 4,270.8% during the second quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after buying an additional 2,050 shares during the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FOA. Weiss Ratings restated a “sell (d)” rating on shares of Finance of America Companies in a report on Monday, December 29th. UBS Group set a $29.50 price objective on shares of Finance of America Companies and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Finance of America Companies presently has a consensus rating of “Hold” and an average target price of $29.75.

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.