Finance of America Companies (NYSE:FOA) Shares Down 3.8%

Finance of America Companies Inc. (NYSE:FOA)’s share price fell 3.8% during trading on Monday . The company traded as low as $7.36 and last traded at $7.36. 11,617 shares were traded during mid-day trading, a decline of 35% from the average session volume of 17,833 shares. The stock had previously closed at $7.65.

Finance of America Companies Trading Down 0.1 %

The firm has a market cap of $714.39 million, a P/E ratio of -5.98 and a beta of 1.04. The stock has a fifty day simple moving average of $6.47 and a 200 day simple moving average of $6.86. The company has a debt-to-equity ratio of 71.55, a quick ratio of 2.84 and a current ratio of 2.83.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.15. The company had revenue of $79.04 million for the quarter, compared to the consensus estimate of $66.00 million. During the same period in the prior year, the firm posted ($0.15) EPS. On average, research analysts expect that Finance of America Companies Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Finance of America Companies

A number of hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in Finance of America Companies during the second quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Finance of America Companies during the second quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC raised its position in Finance of America Companies by 2.7% during the second 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 during the period. 97.20% of the stock is currently owned by hedge funds and other institutional investors.

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.