Finance of America Companies (NYSE:FOA) Shares Gap Down to $7.23

Finance of America Companies Inc. (NYSE:FOA)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $7.23, but opened at $7.04. Finance of America Companies shares last traded at $7.04, with a volume of 106 shares trading hands.

Finance of America Companies Stock Up 0.1 %

The company has a market cap of $696.60 million, a PE ratio of -5.83 and a beta of 1.04. The firm has a 50-day simple moving average of $6.53 and a two-hundred day simple moving average of $6.85. The company has a debt-to-equity ratio of 71.55, a current ratio of 2.83 and a quick ratio of 2.83.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.15. The company had revenue of $79.04 million for the quarter, compared to analyst estimates of $66.00 million. During the same period in the previous year, the business earned ($0.15) EPS. Research analysts anticipate that Finance of America Companies Inc. will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Finance of America Companies

A number of institutional investors have recently modified their holdings of FOA. AQR Capital Management LLC purchased a new position in shares of Finance of America Companies during the 2nd quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Finance of America Companies in the second quarter valued at $43,000. Finally, Renaissance Technologies LLC lifted 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 worth $55,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 97.20% of the company’s stock.

About Finance of America Companies

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.