Finance of America Companies (NYSE:FOA) CIO Jeremy Prahm Sells 8,860 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 8,860 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $20.49, for a total transaction of $181,541.40. Following the sale, the executive owned 203,856 shares in the company, valued at $4,177,009.44. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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, May 18th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $19.68, for a total transaction of $118,080.00.
• On Thursday, May 7th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $21.39, for a total transaction of $111,826.92.
• On Monday, April 20th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $23.01, for a total transaction of $138,060.00.
• On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $17.83, for a total transaction of $93,215.24.
• On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $17.50, for a total transaction of $105,000.00.

Finance of America Companies Price Performance

Shares of NYSE:FOA opened at $19.86 on Wednesday. The company has a market cap of $176.51 million, a price-to-earnings ratio of 49.64 and a beta of 1.67. The company has a debt-to-equity ratio of 43.57, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $20.93. Finance of America Companies Inc. has a one year low of $15.77 and a one year high of $29.58.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.84 by $0.26. The business had revenue of $120.14 million during the quarter, compared to the consensus estimate of $115.31 million. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. Research analysts predict that Finance of America Companies Inc. will post 4.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Finance of America Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cooperman Leon G increased its position in shares of Finance of America Companies by 0.8% during the third quarter. Cooperman Leon G now owns 1,286,040 shares of the company’s stock worth $28,846,000 after acquiring an additional 10,628 shares in the last quarter. Beach Point Capital Management LP increased its position in shares of Finance of America Companies by 557.5% during the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after acquiring an additional 669,336 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Finance of America Companies during the third quarter worth about $3,147,000. Geode Capital Management LLC boosted its holdings in Finance of America Companies by 66.2% during the second quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock worth $3,188,000 after purchasing an additional 54,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 36,929 shares during the last quarter. 97.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FOA shares. Zacks Research raised shares of Finance of America Companies to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial assumed coverage on shares of Finance of America Companies in a report on Thursday, April 2nd. They issued a “buy” rating and a $22.50 target price on the stock. Weiss Ratings upgraded shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Finance of America Companies currently has an average rating of “Hold” and a consensus target price of $26.00.

About Finance of America Companies

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.