Traphagen Investment Advisors LLC Acquires Shares of 17,300 FlexShopper, Inc. (NASDAQ:FPAY)

Traphagen Investment Advisors LLC bought a new position in FlexShopper, Inc. (NASDAQ:FPAY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,300 shares of the financial services provider’s stock, valued at approximately $30,000. Traphagen Investment Advisors LLC owned approximately 0.08% of FlexShopper as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FPAY. Waterfall Asset Management LLC purchased a new stake in FlexShopper in the 3rd quarter worth $1,678,000. Renaissance Technologies LLC increased its holdings in shares of 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 purchasing an additional 50,847 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of FlexShopper by 33.3% in the third quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock worth $62,000 after buying an additional 15,000 shares in the last quarter. Institutional investors own 19.41% of the company’s stock.

Insider Buying and Selling at FlexShopper

In other news, CEO Harold Russell Jr. Heiser acquired 30,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $1.45 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the chief executive officer now directly owns 969,874 shares of the company’s stock, valued at approximately $1,406,317.30. The trade was a 3.19 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 30.20% of the company’s stock.

FlexShopper Stock Down 1.8 %

Shares of NASDAQ:FPAY opened at $1.63 on Wednesday. The company has a market cap of $34.98 million, a price-to-earnings ratio of -9.59 and a beta of 1.43. FlexShopper, Inc. has a 12 month low of $0.97 and a 12 month high of $2.37. The company has a current ratio of 7.98, a quick ratio of 7.98 and a debt-to-equity ratio of 19.65. The company has a 50-day moving average price of $1.74 and a 200 day moving average price of $1.36.

Analyst Ratings Changes

Several equities analysts have weighed in on FPAY shares. HC Wainwright restated a “buy” rating and set a $2.50 price target on shares of FlexShopper in a report on Tuesday, December 24th. Maxim Group boosted their price target on shares of FlexShopper from $2.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

FlexShopper Profile

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.