Perigon Wealth Management LLC Makes New Investment in FlexShopper, Inc. (NASDAQ:FPAY)

Perigon Wealth Management LLC purchased a new stake in FlexShopper, Inc. (NASDAQ:FPAY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100,000 shares of the financial services provider’s stock, valued at approximately $163,000. Perigon Wealth Management LLC owned approximately 0.47% of FlexShopper as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FPAY. Traphagen Investment Advisors LLC bought a new position in shares of FlexShopper during the 4th quarter worth approximately $30,000. Insigneo Advisory Services LLC grew its holdings in FlexShopper by 33.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock valued at $62,000 after buying an additional 15,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of FlexShopper by 30.0% during the second quarter. Renaissance Technologies LLC now owns 220,590 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 50,847 shares in the last quarter. Finally, Waterfall Asset Management LLC bought a new stake in FlexShopper in the 3rd quarter worth approximately $1,678,000. Institutional investors and hedge funds own 19.41% of the company’s stock.

FlexShopper Trading Up 1.4 %

Shares of FlexShopper stock opened at $1.42 on Tuesday. FlexShopper, Inc. has a fifty-two week low of $0.97 and a fifty-two week high of $2.37. The company has a debt-to-equity ratio of 19.65, a quick ratio of 7.98 and a current ratio of 7.98. The firm has a 50-day simple moving average of $1.72 and a two-hundred day simple moving average of $1.38. The company has a market cap of $30.47 million, a P/E ratio of -8.35 and a beta of 1.40.

Insider Activity

In related news, CEO Harold Russell Jr. Heiser purchased 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $1.45 per share, for a total transaction of $43,500.00. Following the purchase, the chief executive officer now directly owns 969,874 shares of the company’s stock, valued at $1,406,317.30. The trade was a 3.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 30.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FPAY shares. HC Wainwright reissued a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research note on Tuesday, December 24th. Maxim Group raised their price objective on FlexShopper from $2.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

About FlexShopper

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.