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

Finance of America Companies Inc. (NYSE:FOA) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 629,200 shares, an increase of 63.9% from the December 15th total of 383,800 shares. Based on an average daily trading volume, of 127,600 shares, the short-interest ratio is presently 4.9 days. Currently, 15.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded shares of Finance of America Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $14.00 to $24.00 in a research note on Wednesday, November 20th.

Insider Activity

In other news, Director Norma Corio acquired 4,300 shares of Finance of America Companies stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $25.61 per share, with a total value of $110,123.00. Following the purchase, the director now directly owns 16,580 shares in the company, valued at $424,613.80. The trade was a 35.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lance West sold 23,245 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $22.10, for a total value of $513,714.50. Following the transaction, the director now owns 12,280 shares of the company’s stock, valued at $271,388. This represents a 65.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,632 shares of company stock worth $937,887 over the last quarter. Insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in shares of Finance of America Companies during the second quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Finance of America Companies in the 2nd quarter valued at $43,000. Finally, Renaissance Technologies LLC increased its stake in Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after purchasing an additional 3,000 shares during the period. Institutional investors own 97.20% of the company’s stock.

Finance of America Companies Trading Down 2.0 %

Shares of NYSE:FOA traded down $0.54 during trading on Friday, reaching $26.75. The company’s stock had a trading volume of 62,602 shares, compared to its average volume of 217,594. The stock has a market capitalization of $265.63 million, a PE ratio of 2.29 and a beta of 1.11. Finance of America Companies has a 12 month low of $4.10 and a 12 month high of $32.40. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. The firm’s 50 day simple moving average is $24.14 and its two-hundred day simple moving average is $14.28.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.54. The business had revenue of $290.07 million during the quarter, compared to analyst estimates of $72.00 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. During the same period last year, the company earned ($1.40) EPS. On average, research analysts predict that Finance of America Companies will post 0.75 EPS for the current fiscal year.

Finance of America Companies Company Profile

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.