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Leon Cooperman, a ten percent owner of Finance of America Companies Inc. (NYSE:FOA), reported purchasing shares of Class A Common Stock between May 22, 2025, and August 5, 2025. The total value of these purchases was $1,107,681, with prices ranging from $20.9 to $22.53 per share. The stock, currently trading at $26.1, has delivered an impressive 230.8% return over the past year. According to InvestingPro analysis, FOA appears undervalued relative to its Fair Value.
Specifically, Cooperman acquired 5,575 shares directly on May 22, 2025, at $21.33 per share. On the same day, Cooperman also purchased 350 shares, 45 shares, and 30 shares indirectly through individual retirement accounts at $21.33 per share. With a market capitalization of $649 million and trading at a P/E ratio of just 2.9, FOA shows compelling valuation metrics. InvestingPro subscribers can access 8 additional key insights about FOA’s financial position.
Additional indirect purchases through Omega Capital Partners, L.P., a private investment entity, included 10,000 shares on June 10, 2025, at $22, 4,597 shares on June 11, 2025, at $21.90, 10,000 shares on June 17, 2025, at $21.20, 8,778 shares on June 18, 2025, at $21.00, 1,112 shares on June 20, 2025, at $20.90 and 10,628 shares on August 5, 2025, at $22.53.
On August 4, 2025, Omega Capital Partners purchased $15,000,000.00 worth of unsecured convertible notes (the "Convertible Notes") of the Issuer that are convertible, in the aggregate, into 789,473 shares of the Issuer’s Class A Common Stock, par value $0.0001 per share (the "Common Stock") at a conversion price of $19.00 per share. The Convertible Notes are convertible at anytime at the option of the Issuer or the Reporting Person; provided, however, that the Convertible Notes may not be converted into shares of Common Stock to the extent that the Reporting Person would beneficially own more than 9.99% of the Issuer’s Common Stock after giving effect to such conversion.
In other recent news, Finance of America Companies Inc. reported strong financial results for the second quarter of 2025, demonstrating significant growth in funded volume and net income. The company’s advancements in digital innovation and its competitive position in the reverse mortgage market were emphasized during the earnings call. Additionally, Finance of America announced that it will dual list its common stock on NYSE Texas, a newly launched electronic equities exchange based in Dallas, while maintaining its primary listing on the New York Stock Exchange. This strategic move allows the company to broaden its trading platforms. The recent developments reflect Finance of America’s ongoing efforts to strengthen its market presence and financial performance.
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