Finance of America Companies Inc. (NYSE:FOA) Short Interest Update

Finance of America Companies Inc. (NYSE:FOA) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 67,300 shares, a growth of 5.8% from the October 15th total of 63,600 shares. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 2.0 days. Approximately 1.9% of the company’s stock are short sold.

Institutional Trading of Finance of America Companies

Several hedge funds and other institutional investors have recently bought and sold shares of FOA. Point72 Asia Singapore Pte. Ltd. purchased a new position in Finance of America Companies during the 2nd quarter valued at $43,000. AQR Capital Management LLC bought a new position in Finance of America Companies in the second quarter worth about $41,000. Finally, Renaissance Technologies LLC grew its position in Finance of America Companies by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 97.20% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group dropped their target price on shares of Finance of America Companies from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, September 5th.

Finance of America Companies Price Performance

FOA stock traded down $3.71 during midday trading on Tuesday, reaching $23.59. The company had a trading volume of 417,032 shares, compared to its average volume of 27,117. The company has a market capitalization of $234.25 million, a price-to-earnings ratio of 1.94 and a beta of 1.07. The stock has a 50 day moving average price of $12.64 and a 200-day moving average price of $8.74. Finance of America Companies has a 1-year low of $4.10 and a 1-year high of $27.88. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.54. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. The firm had revenue of $290.07 million for the quarter, compared to analysts’ expectations of $72.00 million. During the same period in the prior year, the business earned ($1.40) EPS. Equities research analysts expect that Finance of America Companies will post 0.11 earnings per share for the current year.

Finance of America Companies Company Profile

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.