Insider Selling: Finance of America Companies (NYSE:FOA) Major Shareholder Sells $15,961,420.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tactical Opportunit Blackstone also recently made the following trade(s):

• On Thursday, December 4th, Tactical Opportunit Blackstone sold 1,596,142 shares of Finance of America Companies stock. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00.

Finance of America Companies Trading Down 1.4%

Shares of FOA opened at $18.00 on Friday. Finance of America Companies Inc. has a 1-year low of $16.58 and a 1-year high of $29.58. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 51.28. The firm’s 50-day moving average price is $22.37 and its 200-day moving average price is $23.30. The firm has a market capitalization of $142.04 million, a price-to-earnings ratio of -6.77 and a beta of 1.65.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Finance of America Companies in a research 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 research 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beach Point Capital Management LP boosted its holdings in Finance of America Companies by 557.5% in the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after acquiring an additional 669,336 shares in the last quarter. Invesco Ltd. purchased a new position in shares of Finance of America Companies in the 3rd quarter worth about $3,147,000. Russell Investments Group Ltd. boosted its stake in Finance of America Companies by 5,866.5% in the 4th quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company’s stock worth $1,875,000 after purchasing an additional 76,147 shares in the last quarter. Two Sigma Investments LP boosted its stake in Finance of America Companies by 239.3% in the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock worth $1,994,000 after purchasing an additional 62,687 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Finance of America Companies by 66.2% during the 2nd quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock valued at $3,188,000 after purchasing an additional 54,429 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.

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.