FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin Acquires 17,814 Shares of Stock

FlexShopper, Inc. (NASDAQ:FPAYGet Free Report) Director Howard Dvorkin acquired 17,814 shares of the company’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $1.16 per share, with a total value of $20,664.24. Following the acquisition, the director now owns 4,175,382 shares in the company, valued at approximately $4,843,443.12. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, May 22nd, Howard Dvorkin bought 3,381 shares of FlexShopper stock. The stock was purchased at an average price of $1.16 per share, with a total value of $3,921.96.

FlexShopper Trading Down 1.6 %

Shares of FlexShopper stock traded down $0.02 on Thursday, reaching $1.15. The company’s stock had a trading volume of 9,728 shares, compared to its average volume of 60,785. The firm’s fifty day simple moving average is $1.17 and its two-hundred day simple moving average is $1.31. FlexShopper, Inc. has a 52 week low of $0.75 and a 52 week high of $2.47. The company has a quick ratio of 13.70, a current ratio of 13.70 and a debt-to-equity ratio of 19.16.

FlexShopper (NASDAQ:FPAYGet Free Report) last posted its earnings results on Monday, April 1st. The financial services provider reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. FlexShopper had a negative return on equity of 58.72% and a negative net margin of 3.51%. The business had revenue of $30.27 million during the quarter, compared to analyst estimates of $28.04 million. On average, sell-side analysts predict that FlexShopper, Inc. will post -0.08 EPS for the current year.

Analyst Ratings Changes

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

Read Our Latest Report on FPAY

Institutional Trading of FlexShopper

A hedge fund recently bought a new stake in FlexShopper stock. Waterfall Asset Management LLC bought a new stake in shares of FlexShopper, Inc. (NASDAQ:FPAYFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,629,544 shares of the financial services provider’s stock, valued at approximately $2,721,000. FlexShopper makes up 3.7% of Waterfall Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. Waterfall Asset Management LLC owned about 7.53% of FlexShopper at the end of the most recent quarter. Institutional investors and hedge funds own 19.41% of the company’s stock.

About FlexShopper

(Get Free Report)

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.

Further Reading

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