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

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $16.82, for a total value of $100,920.00. Following the transaction, the executive directly owned 167,856 shares of the company’s stock, valued at $2,823,337.92. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, August 24th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $19.87, for a total value of $119,220.00.
• On Monday, August 10th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $21.73, for a total value of $130,380.00.
• 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 stock was sold at an average price of $20.49, for a total value of $181,541.40.

Finance of America Companies Stock Performance

NYSE:FOA opened at $15.27 on Friday. The stock has a market cap of $264.24 million, a P/E ratio of -5.07 and a beta of 1.65. The firm’s fifty day simple moving average is $21.62 and its 200 day simple moving average is $20.47. Finance of America Companies Inc. has a twelve month low of $15.17 and a twelve month high of $29.79. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 60.78.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.20). Finance of America Companies had a positive return on equity of 28.39% and a negative net margin of 0.10%.The company had revenue of $62.48 million during the quarter, compared to the consensus estimate of $121.94 million. As a group, research analysts predict that Finance of America Companies Inc. will post 4.16 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in Finance of America Companies by 183.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after acquiring an additional 822 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Finance of America Companies during the third quarter valued at approximately $29,000. California State Teachers Retirement System increased its stake in shares of Finance of America Companies by 440.4% during the second quarter. California State Teachers Retirement System now owns 1,486 shares of the company’s stock valued at $41,000 after purchasing an additional 1,211 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Finance of America Companies by 4,270.8% during the second quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock valued at $49,000 after purchasing an additional 2,050 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Finance of America Companies during the second quarter valued at approximately $57,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on FOA. B. Riley Financial restated a “buy” rating and issued a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a report on Wednesday, August 5th. Alliance Global Partners began coverage on Finance of America Companies in a report on Wednesday, July 22nd. They set a “buy” rating and a $30.00 target price on the stock. Wall Street Zen lowered Finance of America Companies from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings cut Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research lowered Finance of America Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Finance of America Companies presently has a consensus rating of “Hold” and an average target price 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.