Nkcfo LLC Invests $815,000 in Finance of America Companies Inc. (NYSE:FOA)

Nkcfo LLC bought a new position in shares of Finance of America Companies Inc. (NYSE:FOA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 29,000 shares of the company’s stock, valued at approximately $815,000. Nkcfo LLC owned about 0.29% of Finance of America Companies at the end of the most recent quarter.

Separately, AQR Capital Management LLC acquired a new position in shares of Finance of America Companies in the second quarter valued at $41,000. 97.20% of the stock is owned by institutional investors.

Finance of America Companies Trading Down 4.4 %

Shares of NYSE:FOA opened at $24.59 on Friday. The stock has a market cap of $244.20 million, a PE ratio of 2.10 and a beta of 1.10. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. Finance of America Companies Inc. has a 12-month low of $4.10 and a 12-month high of $32.40. The business has a 50 day moving average of $26.43 and a 200-day moving average of $17.18.

Insider Activity at Finance of America Companies

In other Finance of America Companies news, Director Norma Corio bought 4,300 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $25.61 per share, for a total transaction of $110,123.00. Following the transaction, the director now directly owns 16,580 shares in the company, valued at approximately $424,613.80. This trade represents a 35.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lance West sold 13,637 shares of Finance of America Companies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.71, for a total transaction of $282,422.27. Following the completion of the sale, the director now owns 56,363 shares of the company’s stock, valued at approximately $1,167,277.73. The trade was a 19.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,632 shares of company stock worth $937,887 in the last ninety days. 15.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of Finance of America Companies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $14.00 to $24.00 in a research note on Wednesday, November 20th.

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.