Finance of America Companies Sees Unusually High Options Volume (NYSE:FOA)

Finance of America Companies Inc. (NYSE:FOA) was the recipient of unusually large options trading on Monday. Stock investors acquired 2,000 call options on the stock. This is an increase of 1,043% compared to the average volume of 175 call options.

Finance of America Companies Stock Performance

Shares of NYSE:FOA traded down $0.05 on Monday, hitting $15.21. The company’s stock had a trading volume of 21,948 shares, compared to its average volume of 73,697. The company has a market capitalization of $263.29 million, a price-to-earnings ratio of -5.04 and a beta of 1.65. 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 has a 12 month low of $14.80 and a 12 month high of $29.79. The stock’s 50-day moving average is $21.62 and its two-hundred day moving average is $20.48.

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

Analyst Ratings Changes

Several analysts recently weighed in on FOA shares. Zacks Research downgraded shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Alliance Global Partners initiated coverage on shares of Finance of America Companies in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 target price for the company. Wall Street Zen lowered shares of Finance of America Companies from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings lowered shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial reaffirmed 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. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Finance of America Companies has an average rating of “Hold” and an average target price of $30.50.

Insider Transactions at Finance of America Companies

In other Finance of America Companies news, CIO Jeremy Prahm sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $16.82, for a total value of $100,920.00. Following the sale, the executive directly owned 167,856 shares in the company, valued at approximately $2,823,337.92. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,250 shares of company stock valued at $535,470 in the last quarter. Company insiders own 35.37% of the company’s stock.

Institutional Trading of Finance of America Companies

A number of institutional investors have recently made changes to their positions in FOA. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Finance of America Companies by 183.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after buying an additional 822 shares during the period. California State Teachers Retirement System boosted its stake in 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 buying an additional 1,211 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Finance of America Companies during the third quarter worth about $29,000. Charles Schwab Investment Management Inc. grew its holdings in Finance of America Companies by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company’s stock worth $442,000 after acquiring an additional 1,397 shares during the period. Finally, Barclays PLC grew its holdings in Finance of America Companies by 23.9% during the fourth quarter. Barclays PLC now owns 7,907 shares of the company’s stock worth $191,000 after acquiring an additional 1,525 shares during the period. 97.20% of the stock is owned by institutional investors and hedge funds.

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.