Finance of America Companies Inc. (NYSE:FOA) Director Lance West Sells 6,750 Shares

Finance of America Companies Inc. (NYSE:FOA) Director Lance West sold 6,750 shares of Finance of America Companies stock in a transaction on Friday, December 6th. The shares were sold at an average price of $21.00, for a total value of $141,750.00. Following the completion of the transaction, the director now owns 23,245 shares in the company, valued at $488,145. The trade was a 22.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lance West also recently made the following trade(s):

• On Wednesday, December 4th, Lance West sold 13,637 shares of Finance of America Companies stock. The stock was sold at an average price of $20.71, for a total transaction of $282,422.27.

Finance of America Companies Price Performance

Finance of America Companies stock remained flat at $21.98 during midday trading on Tuesday. The company had a trading volume of 139,989 shares, compared to its average volume of 32,897. The company has a market cap of $218.12 million, a P/E ratio of 1.87 and a beta of 1.22. Finance of America Companies Inc. has a 12-month low of $4.10 and a 12-month high of $27.89. The stock has a fifty day simple moving average of $15.39 and a two-hundred day simple moving average of $10.19. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07.

Finance of America Companies (NYSE:FOA) last posted its earnings results on Wednesday, November 6th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.54. The business had revenue of $290.07 million for the quarter, compared to analysts’ expectations of $72.00 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. During the same period in the previous year, the company posted ($1.40) earnings per share. On average, analysts expect that Finance of America Companies Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Finance of America Companies

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

About Finance of America Companies

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.