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

Finance of America Companies Inc. (NYSE:FOA) was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 39,900 shares, a decrease of 9.9% from the July 31st total of 44,300 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 32,200 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On Finance of America Companies

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

Finance of America Companies Stock Up 8.4 %

Shares of FOA traded up $0.61 during mid-day trading on Tuesday, hitting $7.89. 16,834 shares of the company traded hands, compared to its average volume of 18,990. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 71.55. The business has a 50 day moving average of $6.70 and a 200 day moving average of $6.77. Finance of America Companies has a 1-year low of $4.10 and a 1-year high of $16.00. The company has a market capitalization of $779.60 million, a PE ratio of -6.53 and a beta of 1.04.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.15. The firm had revenue of $79.04 million for the quarter, compared to analysts’ expectations of $66.00 million. During the same quarter in the previous year, the firm posted ($0.15) EPS. Equities research analysts anticipate that Finance of America Companies will post 0.11 EPS 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.