FlexShopper Inc (FPAY) Major Shareholder Howard Dvorkin Purchases 90,114 Shares

FlexShopper Inc (NASDAQ:FPAY) major shareholder Howard Dvorkin purchased 90,114 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average price of $0.73 per share, for a total transaction of $65,783.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, October 31st, Howard Dvorkin purchased 68,599 shares of FlexShopper stock. The shares were purchased at an average price of $0.79 per share, for a total transaction of $54,193.21.
  • On Tuesday, October 23rd, Howard Dvorkin purchased 20,000 shares of FlexShopper stock. The shares were purchased at an average price of $0.78 per share, for a total transaction of $15,600.00.
  • On Wednesday, October 17th, Howard Dvorkin purchased 50,883 shares of FlexShopper stock. The shares were purchased at an average price of $0.79 per share, for a total transaction of $40,197.57.

NASDAQ:FPAY traded up $0.06 during mid-day trading on Friday, hitting $0.79. 831,086 shares of the stock traded hands, compared to its average volume of 712,727. FlexShopper Inc has a 52 week low of $0.68 and a 52 week high of $4.80.

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

A hedge fund recently bought a new stake in FlexShopper stock. Massey Quick Simon & CO. LLC bought a new position in FlexShopper Inc (NASDAQ:FPAY) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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 reporting period. 9.49% of the stock is currently owned by institutional investors.

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About FlexShopper

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.

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