Perkins Capital Management Inc. Sells 182,186 Shares of FlexShopper, Inc. (NASDAQ:FPAY)

Perkins Capital Management Inc. decreased its holdings in FlexShopper, Inc. (NASDAQ:FPAY) by 49.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,550 shares of the financial services provider’s stock after selling 182,186 shares during the period. Perkins Capital Management Inc. owned about 0.86% of FlexShopper worth $317,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FPAY. Insigneo Advisory Services LLC raised its stake in FlexShopper by 33.3% in the 3rd quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 15,000 shares during the period. Traphagen Investment Advisors LLC acquired a new position in shares of FlexShopper in the fourth quarter valued at $30,000. Virtu Financial LLC bought a new position in shares of FlexShopper in the fourth quarter valued at about $30,000. Heron Bay Capital Management acquired a new stake in shares of FlexShopper during the 4th quarter worth about $56,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of FlexShopper during the 4th quarter worth about $163,000. 19.41% of the stock is owned by institutional investors and hedge funds.

FlexShopper Stock Performance

Shares of NASDAQ FPAY opened at $1.33 on Monday. 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 firm has a market cap of $28.54 million, a price-to-earnings ratio of -7.82 and a beta of 1.55. The stock’s fifty day moving average price is $1.51 and its two-hundred day moving average price is $1.48. FlexShopper, Inc. has a one year low of $0.97 and a one year high of $2.37.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $2.50 price objective on shares of FlexShopper in a research report on Tuesday, December 24th.

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.