Finance of America Companies (NYSE:FOA) President Kristen Sieffert Sells 750 Shares of Stock

Key Points

• Finance of America President Kristen Sieffert sold 750 shares at an average price of $17.55, totaling $13,162.50. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving her with 124,762 shares.
• FOA shares rose 0.7% to $17.41, but remain below their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.84, below the $1.04 consensus, while revenue of $62.48 million significantly missed estimates.
• Institutional investors and hedge funds own 97.2% of FOA’s shares. Analyst sentiment is mixed, with a consensus rating of Hold and an average price target of $30.50.

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) President Kristen Sieffert sold 750 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $17.55, for a total value of $13,162.50. Following the completion of the sale, the president directly owned 124,762 shares of the company's stock, valued at $2,189,573.10. This represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Stock Up 0.7%

Shares of NYSE FOA traded up $0.12 during mid-day trading on Thursday, reaching $17.41. 52,103 shares of the company traded hands, compared to its average volume of 74,366. The company's fifty day moving average is $22.99 and its two-hundred day moving average is $20.73. The company has a debt-to-equity ratio of 60.78, a quick ratio of 3.02 and a current ratio of 3.02. Finance of America Companies Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $29.79. The stock has a market cap of $301.37 million, a PE ratio of -5.78 and a beta of 1.65.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its earnings results 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). The company had revenue of $62.48 million during the quarter, compared to analyst estimates of $121.94 million. Finance of America Companies had a positive return on equity of 28.39% and a negative net margin of 0.10%. On average, analysts expect that Finance of America Companies Inc. will post 4.16 earnings per share for the current year.

Hedge Funds Weigh In On Finance of America Companies

Several large investors have recently bought and sold shares of FOA. Beach Point Capital Management LP grew its position in Finance of America Companies by 557.5% in the 4th quarter. Beach Point Capital Management LP now owns 789,399 shares of the company's stock worth $19,111,000 after purchasing an additional 669,336 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Finance of America Companies during the third quarter valued at about $3,147,000. Purpose Unlimited Inc. bought a new stake in shares of Finance of America Companies in the fourth quarter valued at about $2,325,000. Russell Investments Group Ltd. lifted its stake in shares of Finance of America Companies by 5,866.5% in the fourth quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company's stock valued at $1,875,000 after buying an additional 76,147 shares during the period. Finally, Two Sigma Investments LP grew its position in Finance of America Companies by 239.3% during the third quarter. Two Sigma Investments LP now owns 88,888 shares of the company's stock worth $1,994,000 after buying an additional 62,687 shares in the last quarter. 97.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FOA has been the subject of several recent analyst reports. Zacks Research downgraded shares of Finance of America Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Finance of America Companies from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Alliance Global Partners started coverage on shares of Finance of America Companies in a research report on Wednesday, July 22nd. They set a "buy" rating and a $30.00 target price for the company. B. Riley Financial restated a "buy" rating and set a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded Finance of America Companies from a "sell (d+)" rating to a "sell (d)" 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 assigned a Sell rating to the company. Based on data from MarketBeat, Finance of America Companies has a consensus rating of "Hold" and an average price target of $30.50.

Finance of America Companies Company Profile

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.

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