Howard Dvorkin Buys 90,114 Shares of FlexShopper Inc (FPAY) Stock

FlexShopper Inc (NASDAQ:FPAY) major shareholder Howard Dvorkin acquired 90,114 shares of FlexShopper stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average cost of $0.73 per share, for a total transaction of $65,783.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 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 acquired 68,599 shares of FlexShopper stock. The shares were purchased at an average cost of $0.79 per share, for a total transaction of $54,193.21.
  • On Tuesday, October 23rd, Howard Dvorkin acquired 20,000 shares of FlexShopper stock. The shares were purchased at an average cost of $0.78 per share, for a total transaction of $15,600.00.
  • On Wednesday, October 17th, Howard Dvorkin acquired 50,883 shares of FlexShopper stock. The shares were purchased at an average cost of $0.79 per share, for a total transaction of $40,197.57.

Shares of FPAY traded up $0.07 on Friday, hitting $0.80. 25,671 shares of the stock traded hands, compared to its average volume of 842,555. FlexShopper Inc has a 1 year low of $0.68 and a 1 year high of $4.80.

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

An institutional investor recently bought a new position in FlexShopper stock. Massey Quick Simon & CO. LLC acquired a new stake in shares of FlexShopper Inc (NASDAQ:FPAY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,864 shares of the financial services provider’s stock, valued at approximately $111,000. Massey Quick Simon & CO. LLC owned 0.64% of FlexShopper as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 9.49% of the company’s stock.

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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 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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