Finance of America Companies Inc. (NYSE:FOA) Short Interest Down 19.7% in December

Finance of America Companies Inc. (NYSE:FOA) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 709,922 shares, a decline of 19.7% from the December 15th total of 884,019 shares. Currently, 12.0% of the company’s stock are short sold. Based on an average daily trading volume, of 170,617 shares, the days-to-cover ratio is presently 4.2 days. Based on an average daily trading volume, of 170,617 shares, the days-to-cover ratio is presently 4.2 days. Currently, 12.0% of the company’s stock are short sold.

Finance of America Companies Trading Down 3.2%

Shares of NYSE:FOA opened at $23.99 on Wednesday. The company has a debt-to-equity ratio of 51.28, a quick ratio of 2.64 and a current ratio of 2.64. The stock’s 50-day moving average is $23.38 and its 200-day moving average is $23.88. The company has a market cap of $189.28 million, a P/E ratio of -9.02 and a beta of 1.62. Finance of America Companies has a 52-week low of $16.58 and a 52-week high of $29.58.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.66. The business had revenue of $80.85 million for the quarter, compared to analyst estimates of $101.91 million. Equities research analysts predict that Finance of America Companies will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FOA shares. Weiss Ratings restated a “sell (d)” rating on shares of Finance of America Companies in a report on Monday, December 29th. UBS Group set a $29.50 price objective on Finance of America Companies and gave the company a “neutral” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.75.

Insider Buying and Selling

In other news, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the transaction, the insider owned 2,161 shares in the company, valued at $21,610. This represents a 99.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tai A. Thornock sold 1,100 shares of Finance of America Companies stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $23.04, for a total transaction of $25,344.00. Following the completion of the sale, the chief accounting officer directly owned 11,750 shares of the company’s stock, valued at approximately $270,720. The trade was a 8.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,195,634 shares of company stock worth $32,000,339. Insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On Finance of America Companies

Several hedge funds have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new position in Finance of America Companies during the second quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its position in Finance of America Companies by 183.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after purchasing an additional 822 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Finance of America Companies during the 3rd quarter worth about $29,000. JPMorgan Chase & Co. raised its position 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 buying an additional 2,050 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Finance of America Companies by 3,503.1% during the fourth 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. 97.20% of the stock is owned by institutional investors.

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.