Howard Dvorkin Acquires 50,883 Shares of FlexShopper Inc (FPAY) Stock

FlexShopper Inc (NASDAQ:FPAY) major shareholder Howard Dvorkin bought 50,883 shares of the stock in a transaction dated Wednesday, October 17th. The shares were purchased at an average cost of $0.79 per share, for a total transaction of $40,197.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of FPAY stock traded up $0.07 during mid-day trading on Friday, hitting $0.85. 70,008 shares of the stock were exchanged, compared to its average volume of 1,017,126. The company has a debt-to-equity ratio of -0.06, a current ratio of 1.03 and a quick ratio of 1.03. FlexShopper Inc has a 52-week low of $0.68 and a 52-week high of $4.80.

FlexShopper (NASDAQ:FPAY) last posted its earnings results on Monday, August 6th. The financial services provider reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $19.08 million for the quarter.

An institutional investor recently bought a new position in FlexShopper stock. Massey Quick Simon & CO. LLC bought a new position in shares of FlexShopper Inc (NASDAQ:FPAY) during the 2nd quarter, according to its most recent Form 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 as of its most recent SEC filing. Institutional investors own 0.79% of the company’s stock.

FlexShopper Company Profile

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, 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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