Finance of America Companies Inc. (NYSE:FOA - Get Free Report) major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of Finance of America Companies stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the sale, the insider owned 2,161 shares in the company, valued at approximately $21,610. This trade represents a 99.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Finance of America Companies Stock Performance
NYSE:FOA opened at $22.72 on Tuesday. Finance of America Companies Inc. has a 12-month low of $16.58 and a 12-month high of $32.40. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 51.28. The firm has a market capitalization of $179.22 million, a PE ratio of -8.54 and a beta of 1.62. The firm has a 50-day moving average price of $22.64 and a 200 day moving average price of $23.58.
Finance of America Companies (NYSE:FOA - Get Free Report) last released its quarterly earnings data on Friday, August 18th. The company reported $0.12 earnings per share for the quarter. Research analysts anticipate that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on FOA shares. UBS Group set a $29.50 price target on Finance of America Companies and gave the company a "neutral" rating in a research note on Wednesday, November 26th. Weiss Ratings reissued a "sell (d)" rating on shares of Finance of America Companies in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Finance of America Companies has an average rating of "Hold" and an average price target of $29.75.
Check Out Our Latest Report on Finance of America Companies
Hedge Funds Weigh In On Finance of America Companies
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of Finance of America Companies by 3,503.1% during the fourth quarter. Bank of America Corp DE now owns 2,306 shares of the company's stock worth $65,000 after purchasing an additional 2,242 shares during the last quarter. American Century Companies Inc. lifted its position in Finance of America Companies by 209.5% during the 1st quarter. American Century Companies Inc. now owns 85,918 shares of the company's stock worth $1,827,000 after buying an additional 58,156 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in Finance of America Companies by 107.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 23,400 shares of the company's stock worth $497,000 after acquiring an additional 12,100 shares during the last quarter. Cooperman Leon G grew its holdings in Finance of America Companies by 11.2% during the 1st quarter. Cooperman Leon G now owns 1,202,187 shares of the company's stock worth $25,558,000 after acquiring an additional 120,692 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Finance of America Companies by 53.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 34,429 shares of the company's stock valued at $732,000 after acquiring an additional 12,029 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company's stock.
About Finance of America Companies
(
Get Free Report)
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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