FlexShopper (FPAY) Trading 8.2% Higher After Insider Buying Activity

FlexShopper Inc (NASDAQ:FPAY)’s share price traded up 8.2% on Friday after an insider bought additional shares in the company. The company traded as high as $0.82 and last traded at $0.79. 833,146 shares were traded during mid-day trading, an increase of 401% from the average session volume of 166,382 shares. The stock had previously closed at $0.73.

Specifically, CEO Brad Mitchell Bernstein bought 50,000 shares of the business’s stock in a transaction on Friday, September 28th. The stock was bought at an average price of $1.00 per share, with a total value of $50,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Howard Dvorkin bought 90,114 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were acquired at an average cost of $0.73 per share, with a total value of $65,783.22. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 469,596 shares of company stock valued at $415,774. 15.10% of the stock is owned by insiders.

FlexShopper (NASDAQ:FPAY) last issued its quarterly earnings data on Monday, November 5th. The financial services provider reported ($0.56) earnings per share for the quarter. The firm had revenue of $21.01 million during the quarter.

A hedge fund recently bought a new stake in FlexShopper stock. Massey Quick Simon & CO. LLC acquired a new stake in FlexShopper Inc (NASDAQ:FPAY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,864 shares of the financial services provider’s stock, valued at approximately $111,000. Massey Quick Simon & CO. LLC owned approximately 0.64% of FlexShopper at the end of the most recent quarter. Institutional investors and hedge funds own 9.49% of the company’s stock.

WARNING: This piece was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://sportsperspectives.com/2018/11/09/flexshopper-fpay-trading-8-2-higher-after-insider-buying-activity.html.

About FlexShopper (NASDAQ:FPAY)

FlexShopper, Inc, through its wholly owned subsidiary, FlexShopper, LLC, provides various types of durable goods to consumers on a lease-to-own basis (LTO) to consumers of third party retailers and e-tailers. It offers products through FlexShopper.com, an LTO e-commerce marketplace; e-commerce sites and in-store terminals by utilizing FlexShopper's LTO payment method; and facilitation of LTO transactions with retailers.

Featured Story: What does EPS mean?

Receive News & Ratings for FlexShopper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FlexShopper and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply