Finance of America Companies (NYSE:FOA) CIO Jeremy Prahm Sells 6,000 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of Finance of America Companies stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $21.73, for a total value of $130,380.00. Following the transaction, the executive owned 179,856 shares of the company’s stock, valued at $3,908,270.88. The trade was a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Thursday, August 6th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $22.26, for a total value of $133,560.00.
• On Monday, June 15th, Jeremy Prahm sold 8,860 shares of Finance of America Companies stock. The shares were sold at an average price of $20.49, for a total value of $181,541.40.
• On Monday, May 18th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $19.68, for a total value of $118,080.00.

Finance of America Companies Stock Performance

Shares of NYSE FOA traded up $0.75 during midday trading on Wednesday, hitting $22.30. 33,745 shares of the company’s stock were exchanged, compared to its average volume of 76,412. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 43.57. The firm has a market capitalization of $198.29 million, a PE ratio of -7.41 and a beta of 1.65. Finance of America Companies Inc. has a 12 month low of $15.77 and a 12 month high of $29.79. The company’s 50 day moving average price is $23.05 and its 200 day moving average price is $21.05.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.20). Finance of America Companies had a positive return on equity of 28.51% and a negative net margin of 0.10%.The business had revenue of $62.48 million during the quarter, compared to analyst estimates of $121.94 million. As a group, analysts predict that Finance of America Companies Inc. will post 4.44 earnings per share for the current fiscal year.

Institutional Trading of Finance of America Companies

Several institutional investors and hedge funds have recently modified their holdings of FOA. Public Employees Retirement System of Ohio bought a new position in Finance of America Companies in the 1st quarter valued at approximately $90,000. First Trust Advisors LP grew its stake in shares of Finance of America Companies by 43.7% during the first quarter. First Trust Advisors LP now owns 17,210 shares of the company’s stock worth $286,000 after buying an additional 5,236 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Finance of America Companies by 56.7% during the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock worth $1,694,000 after buying an additional 36,929 shares in the last quarter. Purpose Unlimited Inc. acquired a new position in shares of Finance of America Companies during the fourth quarter worth $2,325,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Finance of America Companies by 160.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,304 shares of the company’s stock valued at $80,000 after acquiring an additional 2,035 shares during the last quarter. 97.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FOA shares. Alliance Global Partners initiated coverage on Finance of America Companies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings raised Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. B. Riley Financial reaffirmed a “buy” rating and set a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Finance of America Companies from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Finance of America Companies has an average rating of “Hold” and a consensus price target of $30.50.

About Finance of America Companies

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.