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

Finance of America Companies Inc. (NYSE:FOAGet Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 968,200 shares, a growth of 9.2% from the February 29th total of 886,600 shares. Based on an average trading volume of 88,900 shares, the days-to-cover ratio is presently 10.9 days. Approximately 4.0% of the shares of the stock are sold short.

Finance of America Companies Price Performance

Shares of FOA stock traded down $0.01 on Tuesday, reaching $0.71. The company had a trading volume of 149,443 shares, compared to its average volume of 90,993. The business’s 50-day moving average is $0.83 and its 200 day moving average is $0.98. The stock has a market capitalization of $68.10 million, a PE ratio of -0.67 and a beta of 0.88. Finance of America Companies has a one year low of $0.66 and a one year high of $2.25. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 63.71.

Finance of America Companies (NYSE:FOAGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $275.73 million for the quarter, compared to analyst estimates of $62.00 million.

Analyst Upgrades and Downgrades

Separately, UBS Group assumed coverage on shares of Finance of America Companies in a report on Wednesday, December 6th. They issued a “buy” rating and a $1.40 target price for the company.

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Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in Finance of America Companies by 35.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 29,128 shares of the company’s stock valued at $46,000 after buying an additional 7,573 shares during the last quarter. American International Group Inc. raised its holdings in Finance of America Companies by 101.1% during the 2nd quarter. American International Group Inc. now owns 18,171 shares of the company’s stock worth $29,000 after purchasing an additional 9,137 shares during the last quarter. Barclays PLC raised its holdings in Finance of America Companies by 96.1% during the 1st quarter. Barclays PLC now owns 20,657 shares of the company’s stock worth $25,000 after purchasing an additional 10,125 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Finance of America Companies by 6.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 209,333 shares of the company’s stock worth $309,000 after purchasing an additional 13,089 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Finance of America Companies by 191.4% during the 2nd quarter. Wells Fargo & Company MN now owns 20,247 shares of the company’s stock worth $39,000 after purchasing an additional 13,300 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.

Finance of America Companies Company Profile

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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.

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