Benchmark Financial Wealth Advisors LLC Has $196,000 Holdings in FlexShopper, Inc. (NASDAQ:FPAY)

Benchmark Financial Wealth Advisors LLC cut its stake in shares of FlexShopper, Inc. (NASDAQ:FPAY) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,977 shares of the financial services provider’s stock after selling 34,001 shares during the period. Benchmark Financial Wealth Advisors LLC’s holdings in FlexShopper were worth $196,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in FlexShopper by 30.0% in the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 50,847 shares during the period. Insigneo Advisory Services LLC purchased a new stake in FlexShopper in the 2nd quarter worth about $58,000. Finally, Heron Bay Capital Management purchased a new stake in FlexShopper during the first quarter valued at about $43,000. Institutional investors own 19.41% of the company’s stock.

FlexShopper Stock Performance

Shares of FPAY opened at $1.16 on Wednesday. FlexShopper, Inc. has a 52-week low of $0.94 and a 52-week high of $1.95. The stock’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.15. The company has a debt-to-equity ratio of 28.90, a quick ratio of 15.78 and a current ratio of 15.78. The stock has a market capitalization of $24.90 million, a price-to-earnings ratio of -5.04 and a beta of 1.33.

FlexShopper (NASDAQ:FPAY) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. FlexShopper had a negative net margin of 0.41% and a positive return on equity of 0.77%. The firm had revenue of $31.76 million for the quarter, compared to the consensus estimate of $31.00 million. Research analysts forecast that FlexShopper, Inc. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 target price on shares of FlexShopper in a research note on Wednesday, October 2nd.

Insider Buying and Selling

In other news, Director Howard Dvorkin bought 26,756 shares of the stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $1.06 per share, for a total transaction of $28,361.36. Following the purchase, the director now directly owns 4,476,802 shares of the company’s stock, valued at $4,745,410.12. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have bought 58,148 shares of company stock valued at $64,830. Company insiders own 30.20% of the company’s stock.

About FlexShopper

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