Insider Buying: FlexShopper, Inc. (NASDAQ:FPAY) Director Buys $15,400.00 in Stock

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin bought 10,000 shares of FlexShopper stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $1.54 per share, with a total value of $15,400.00. Following the completion of the purchase, the director now owns 4,551,558 shares in the company, valued at approximately $7,009,399.32. This trade represents a 0.22 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

FlexShopper Stock Up 6.2 %

Shares of FPAY stock opened at $1.71 on Thursday. The firm’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $1.31. The company has a current ratio of 7.98, a quick ratio of 7.98 and a debt-to-equity ratio of 19.65. FlexShopper, Inc. has a 1 year low of $0.97 and a 1 year high of $2.19. The firm has a market capitalization of $36.70 million, a P/E ratio of -10.06 and a beta of 1.43.

Analyst Ratings Changes

A number of analysts have recently commented on FPAY shares. HC Wainwright restated a “buy” rating and issued a $2.50 price target on shares of FlexShopper in a report on Tuesday, December 24th. Maxim Group upped their price target on FlexShopper from $2.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Institutional Trading of FlexShopper

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Insigneo Advisory Services LLC bought a new position in FlexShopper in the second quarter valued at approximately $58,000. Renaissance Technologies LLC boosted its holdings in shares of FlexShopper by 30.0% in the 2nd quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock valued at $282,000 after buying an additional 50,847 shares during the last quarter. Finally, Waterfall Asset Management LLC bought a new position in shares of FlexShopper in the third quarter valued at $1,678,000. Institutional investors and hedge funds own 19.41% of the company’s stock.

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.