Howard Dvorkin Acquires 10,000 Shares of FlexShopper, Inc. (NASDAQ:FPAY) Stock

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $1.54 per share, for a total transaction of $15,400.00. Following the completion of the acquisition, the director now owns 4,551,558 shares of the company’s stock, valued at $7,009,399.32. This trade represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

FlexShopper Price Performance

NASDAQ FPAY traded up $0.11 during trading hours on Monday, reaching $1.61. The company’s stock had a trading volume of 175,314 shares, compared to its average volume of 74,092. The firm has a market capitalization of $34.55 million, a price-to-earnings ratio of -9.47 and a beta of 1.43. The company’s 50-day moving average is $1.60 and its two-hundred day moving average is $1.30. The company has a debt-to-equity ratio of 19.65, a current ratio of 7.98 and a quick ratio of 7.98. FlexShopper, Inc. has a 1-year low of $0.97 and a 1-year high of $2.19.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $2.50 price objective on shares of FlexShopper in a research note on Tuesday, December 24th. Maxim Group raised their price target on shares of FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FPAY. Insigneo Advisory Services LLC acquired a new stake in FlexShopper in the 2nd quarter valued at $58,000. Renaissance Technologies LLC lifted its holdings in FlexShopper by 30.0% during the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 50,847 shares in the last quarter. Finally, Waterfall Asset Management LLC purchased a new position in FlexShopper during the third quarter valued at $1,678,000. 19.41% of the stock is owned by institutional investors and hedge funds.

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.