Traphagen Investment Advisors LLC Invests $30,000 in FlexShopper, Inc. (NASDAQ:FPAY)

Traphagen Investment Advisors LLC acquired a new stake in shares of FlexShopper, Inc. (NASDAQ:FPAY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,300 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other hedge funds also recently bought and sold shares of the business. Insigneo Advisory Services LLC bought a new stake in shares of FlexShopper during the second quarter worth $58,000. Renaissance Technologies LLC increased its stake in FlexShopper by 30.0% in the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after buying an additional 50,847 shares during the period. Finally, Waterfall Asset Management LLC bought a new stake in FlexShopper during the 3rd quarter valued at about $1,678,000. Institutional investors own 19.41% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO Harold Russell Jr. Heiser acquired 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $1.45 per share, for a total transaction of $43,500.00. Following the purchase, the chief executive officer now directly owns 969,874 shares of the company’s stock, valued at $1,406,317.30. This trade represents a 3.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 30.20% of the company’s stock.

FlexShopper Stock Down 1.8 %

Shares of FlexShopper stock opened at $1.63 on Wednesday. The company has a debt-to-equity ratio of 19.65, a current ratio of 7.98 and a quick ratio of 7.98. The stock has a market cap of $34.98 million, a price-to-earnings ratio of -9.59 and a beta of 1.43. The firm’s 50-day moving average is $1.74 and its two-hundred day moving average is $1.36. FlexShopper, Inc. has a 1 year low of $0.97 and a 1 year high of $2.37.

FlexShopper Company 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.