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 stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $22.35, for a total value of $24,585.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,442 shares of the company’s stock, valued at approximately $278,078.70. The trade was a 8.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Finance of America Companies Price Performance

NYSE:FOA traded down $0.76 during trading hours on Friday, reaching $21.20. The company had a trading volume of 102,022 shares, compared to its average volume of 74,968. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. The stock has a 50-day moving average of $24.34 and a two-hundred day moving average of $19.67. Finance of America Companies Inc. has a one year low of $4.10 and a one year high of $32.40. The firm has a market capitalization of $210.38 million, a PE ratio of 1.81 and a beta of 1.18.

Finance of America Companies (NYSE:FOA) last announced its earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.24). The firm had revenue of ($105.62) million for 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%. Analysts forecast that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Nkcfo LLC acquired a new stake in Finance of America Companies during the 4th quarter valued at $815,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Finance of America Companies in the fourth quarter valued at $562,000. Barclays PLC bought a new position in shares of Finance of America Companies in the fourth quarter valued at about $492,000. Marshall Wace LLP acquired a new position in Finance of America Companies during the 4th quarter worth about $277,000. Finally, Bastion Asset Management Inc. bought a new stake in Finance of America Companies during the 4th quarter worth about $4,850,000. Institutional investors own 97.20% of the company’s stock.

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.