Finance of America Companies Inc. (NYSE:FOA) CAO Sells $24,585.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) CAO Tai A. Thornock sold 1,100 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $22.35, for a total transaction of $24,585.00. Following the completion of the sale, the chief accounting officer now directly owns 12,442 shares of the company’s stock, valued at $278,078.70. The trade was a 8.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Finance of America Companies Stock Down 3.4 %

FOA stock opened at $21.20 on Friday. The firm’s 50-day moving average is $24.20 and its two-hundred day moving average is $19.77. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. The company has a market capitalization of $210.38 million, a price-to-earnings ratio of 1.81 and a beta of 1.18. Finance of America Companies Inc. has a 52 week low of $4.10 and a 52 week high of $32.40.

Finance of America Companies (NYSE:FOA) last released its earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.24). The firm had revenue of ($105.62) million during the quarter, compared to analyst estimates of $80.61 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. On average, analysts forecast that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Finance of America Companies

Hedge funds have recently modified their holdings of the stock. OMERS ADMINISTRATION Corp bought a new stake in Finance of America Companies in the 4th quarter valued at $318,000. Millennium Management LLC grew its holdings in shares of Finance of America Companies by 14.2% during the 4th quarter. Millennium Management LLC now owns 49,415 shares of the company’s stock worth $1,390,000 after purchasing an additional 6,132 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Finance of America Companies by 3,503.1% in the fourth quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after purchasing an additional 2,242 shares in the last quarter. Bastion Asset Management Inc. bought a new position in Finance of America Companies during the fourth quarter worth about $4,850,000. Finally, Northern Trust Corp bought a new stake in shares of Finance of America Companies in the 4th quarter valued at approximately $479,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.

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.