Finance of America Companies (NYSE:FOA) President Kristen Sieffert Sells 750 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $27.36, for a total transaction of $20,520.00. Following the completion of the transaction, the president directly owned 126,262 shares in the company, valued at $3,454,528.32. The trade was a 0.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Price Performance

Shares of Finance of America Companies stock traded down $0.43 on Thursday, hitting $27.47. 63,521 shares of the company traded hands, compared to its average volume of 80,818. Finance of America Companies Inc. has a 12-month low of $15.77 and a 12-month high of $29.79. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 43.57. The company has a market cap of $244.24 million, a P/E ratio of 68.69 and a beta of 1.62. The firm’s 50-day simple moving average is $20.71 and its 200 day simple moving average is $20.90.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FOA. Weiss Ratings upgraded Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. B. Riley Financial began coverage on shares of Finance of America Companies in a research note on Thursday, April 2nd. They set a “buy” rating and a $22.50 price target on the stock. Zacks Research raised shares of Finance of America Companies to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen raised shares of Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Finance of America Companies currently has an average rating of “Hold” and a consensus price target of $26.00.

Institutional Investors Weigh In On Finance of America Companies

Several institutional investors have recently bought and sold shares of FOA. Beach Point Capital Management LP lifted its position in Finance of America Companies by 557.5% in the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock valued at $19,111,000 after purchasing an additional 669,336 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Finance of America Companies in the third quarter worth $3,147,000. Purpose Unlimited Inc. bought a new stake in Finance of America Companies during the 4th quarter valued at $2,325,000. Russell Investments Group Ltd. boosted its position in Finance of America Companies by 5,866.5% during the 4th quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company’s stock valued at $1,875,000 after buying an additional 76,147 shares during the period. Finally, Two Sigma Investments LP boosted its position in Finance of America Companies by 239.3% during the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock valued at $1,994,000 after buying an additional 62,687 shares during the period. 97.20% of the stock is currently owned by hedge funds and other institutional investors.

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.