Renaissance Technologies LLC Has $484,000 Stock Position in FlexShopper, Inc. (NASDAQ:FPAY)

Renaissance Technologies LLC lifted its holdings in FlexShopper, Inc. (NASDAQ:FPAY) by 48.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 283,080 shares of the financial services provider’s stock after acquiring an additional 92,368 shares during the period. Renaissance Technologies LLC owned approximately 1.32% of FlexShopper worth $484,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FPAY. Traphagen Investment Advisors LLC acquired a new position in shares of FlexShopper during the 4th quarter worth approximately $30,000. Perigon Wealth Management LLC bought a new stake in shares of FlexShopper in the fourth quarter valued at approximately $163,000. Virtu Financial LLC acquired a new stake in FlexShopper during the fourth quarter worth approximately $30,000. Finally, Heron Bay Capital Management bought a new position in FlexShopper during the 4th quarter worth $56,000. 19.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $2.50 target price on shares of FlexShopper in a report on Thursday, April 24th.

Insider Activity at FlexShopper

In related news, Director Howard Dvorkin bought 20,600 shares of the company’s stock in a transaction dated Thursday, April 24th. The stock was purchased at an average price of $1.27 per share, with a total value of $26,162.00. Following the completion of the acquisition, the director now owns 6,042,558 shares of the company’s stock, valued at $7,674,048.66. The trade was a 0.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 30.20% of the stock is currently owned by insiders.

FlexShopper Price Performance

Shares of NASDAQ:FPAY opened at $1.35 on Friday. The firm has a 50 day moving average of $1.31 and a 200-day moving average of $1.50. FlexShopper, Inc. has a 12 month low of $0.97 and a 12 month high of $2.37. The company has a current ratio of 7.98, a quick ratio of 7.98 and a debt-to-equity ratio of 19.65. The stock has a market capitalization of $28.97 million, a PE ratio of -7.94 and a beta of 1.44.

FlexShopper (NASDAQ:FPAY) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm had revenue of $40.80 million for the quarter, compared to analyst estimates of $39.95 million. FlexShopper had a net margin of 0.67% and a return on equity of 23.98%. On average, equities research analysts predict that FlexShopper, Inc. will post -0.11 EPS for the current fiscal year.

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.