Tai A. Thornock Sells 1,100 Shares of Finance of America Companies Inc. (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) CAO Tai A. Thornock sold 1,100 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $22.35, for a total value of $24,585.00. Following the transaction, the chief accounting officer now directly owns 12,442 shares in the company, valued at $278,078.70. This trade represents a 8.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Finance of America Companies Trading Down 3.4 %

Finance of America Companies stock traded down $0.76 during trading hours on Friday, reaching $21.20. 102,022 shares of the company’s stock traded hands, compared to its average volume of 74,968. Finance of America Companies Inc. has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The firm’s 50 day moving average is $24.34 and its 200-day moving average is $19.67. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market capitalization of $210.38 million, a price-to-earnings ratio of 1.81 and a beta of 1.18.

Finance of America Companies (NYSE:FOA) last released its earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.24). The company had revenue of ($105.62) million during the quarter, compared to analyst estimates of $80.61 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. On average, analysts predict that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FOA. National Bank of Canada FI bought a new position in shares of Finance of America Companies during the fourth quarter worth $52,000. Bank of America Corp DE increased its stake in Finance of America Companies by 3,503.1% in the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after buying an additional 2,242 shares during the last quarter. Stifel Financial Corp acquired a new position in Finance of America Companies during the fourth quarter valued at approximately $204,000. XTX Topco Ltd bought a new position in Finance of America Companies in the fourth quarter valued at approximately $213,000. Finally, Marshall Wace LLP bought a new stake in shares of Finance of America Companies during the 4th quarter worth approximately $277,000. 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.