FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin Purchases 16,200 Shares

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin bought 16,200 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average price of $1.17 per share, with a total value of $18,954.00. Following the transaction, the director now directly owns 4,534,558 shares in the company, valued at $5,305,432.86. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Howard Dvorkin also recently made the following trade(s):

• On Monday, August 19th, Howard Dvorkin bought 10,000 shares of FlexShopper stock. The stock was purchased at an average price of $1.17 per share, with a total value of $11,700.00.
• On Thursday, August 15th, Howard Dvorkin bought 5,192 shares of FlexShopper stock. The stock was purchased at an average price of $1.12 per share, with a total value of $5,815.04.
• On Tuesday, August 13th, Howard Dvorkin bought 26,756 shares of FlexShopper stock. The stock was purchased at an average price of $1.06 per share, with a total value of $28,361.36.
• On Friday, June 28th, Howard Dvorkin bought 9,800 shares of FlexShopper stock. The stock was purchased at an average price of $1.26 per share, with a total value of $12,348.00.
• On Tuesday, June 25th, Howard Dvorkin acquired 6,111 shares of FlexShopper stock. The stock was bought at an average price of $1.21 per share, with a total value of $7,394.31.
• On Monday, June 17th, Howard Dvorkin acquired 6,000 shares of FlexShopper stock. The stock was bought at an average price of $1.20 per share, with a total value of $7,200.00.
• On Thursday, June 13th, Howard Dvorkin acquired 5,500 shares of FlexShopper stock. The stock was bought at an average price of $1.24 per share, with a total value of $6,820.00.
• On Tuesday, June 11th, Howard Dvorkin acquired 20,467 shares of FlexShopper stock. The stock was bought at an average price of $1.15 per share, with a total value of $23,537.05.
• On Friday, June 7th, Howard Dvorkin acquired 64,054 shares of FlexShopper stock. The stock was bought at an average price of $1.12 per share, with a total value of $71,740.48.
• On Wednesday, June 5th, Howard Dvorkin acquired 7,833 shares of FlexShopper stock. The stock was bought at an average price of $1.11 per share, with a total value of $8,694.63.

FlexShopper Price Performance

FPAY opened at $1.07 on Tuesday. The company has a debt-to-equity ratio of 19.16, a quick ratio of 13.70 and a current ratio of 13.70. FlexShopper, Inc. has a 52-week low of $0.93 and a 52-week high of $1.95. The stock has a market capitalization of $23.27 million, a PE ratio of -3.34 and a beta of 1.33. The stock’s 50 day moving average price is $1.15 and its 200-day moving average price is $1.16.

FlexShopper (NASDAQ:FPAY) last posted its earnings results on Tuesday, August 6th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. FlexShopper had a negative return on equity of 58.72% and a negative net margin of 3.51%. The firm had revenue of $31.76 million for the quarter, compared to analysts’ expectations of $31.00 million. On average, equities research analysts predict that FlexShopper, Inc. will post -0.08 EPS for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research note on Wednesday, May 15th.

Institutional Investors Weigh In On FlexShopper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Waterfall Asset Management LLC purchased a new stake in FlexShopper in the fourth quarter worth $2,721,000. Renaissance Technologies LLC grew its stake in FlexShopper by 30.0% in the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 50,847 shares during the period. Insigneo Advisory Services LLC purchased a new stake in FlexShopper in the second quarter worth $58,000. Finally, Heron Bay Capital Management purchased a new stake in FlexShopper in the first quarter worth $43,000. 19.41% of the stock is owned by hedge funds and other institutional investors.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.