Tonix Pharmaceuticals stock halted ahead of FDA approval news
FlexShopper, Inc. (NASDAQ:FPAY), a small-cap company with a market capitalization of $34.5 million and an overall "Fair" financial health rating according to InvestingPro, saw its CEO Harold Russell Heiser Jr. recently acquire 30,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The transaction, which took place on December 23, 2024, was executed at a price of $1.45 per share, amounting to a total investment of $43,500. The purchase price represents a significant discount to the current trading price of $1.61, with the stock showing strong momentum with a 17% gain over the past six months. Following this purchase, Heiser's direct ownership in FlexShopper increased to 969,874 shares. Want deeper insights into insider trading patterns and comprehensive analysis? InvestingPro subscribers get access to exclusive insider trading analysis and 10 additional ProTips for FPAY.
In other recent news, FlexShopper has seen significant improvements in its financial performance. The company reported a 15% increase in gross leasing revenue and a 25% rise in net lease revenue for the first two months of the fourth quarter of 2024. Additionally, the company has managed to reduce bad debt expense by 600 basis points. H.C. Wainwright maintains a Buy rating on FlexShopper, citing improved financial performance and attractive valuation levels.
FlexShopper also announced board changes, with Sean Hinze resigning and Denis Echtchenko joining as a new member. Changes in executive compensation were also reported, with an amendment to CEO H. Russell Heiser Jr.'s employment agreement.
The company is expected to expand its business-to-business offering significantly in 2025, aiming to grow its signed store count to 7,800. Two potential catalysts for FlexShopper in 2025 are the pending rights offering and ongoing patent litigation. These are recent developments in the company's robust financial performance and strategic growth initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.