FlexShopper, Inc. (NASDAQ:FPAY) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in FlexShopper, Inc. (NASDAQ:FPAY) by 30.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,590 shares of the financial services provider’s stock after purchasing an additional 50,847 shares during the quarter. Renaissance Technologies LLC’s holdings in FlexShopper were worth $282,000 as of its most recent SEC filing.

Separately, Heron Bay Capital Management acquired a new stake in shares of FlexShopper in the first quarter valued at about $43,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 target price on shares of FlexShopper in a research report on Wednesday, October 2nd.

Insider Buying and Selling at FlexShopper

In other news, Director Howard Dvorkin bought 26,756 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $1.06 per share, for a total transaction of $28,361.36. Following the acquisition, the director now directly owns 4,476,802 shares of the company’s stock, valued at $4,745,410.12. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have bought 58,148 shares of company stock worth $64,830 in the last ninety days. 30.20% of the stock is owned by insiders.

FlexShopper Stock Performance

FPAY opened at $1.19 on Friday. The company has a current ratio of 15.78, a quick ratio of 15.78 and a debt-to-equity ratio of 28.90. The firm has a market capitalization of $25.70 million, a PE ratio of -5.17 and a beta of 1.35. The firm’s 50-day moving average price is $1.09 and its 200 day moving average price is $1.14. FlexShopper, Inc. has a twelve month low of $0.94 and a twelve month high of $1.95.

FlexShopper (NASDAQ:FPAY) last posted its earnings results on Tuesday, August 6th. The financial services provider reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company had revenue of $31.76 million for the quarter, compared to analyst estimates of $31.00 million. FlexShopper had a negative net margin of 0.41% and a positive return on equity of 0.77%. As a group, sell-side analysts expect that FlexShopper, Inc. will post -0.12 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.