FlexShopper, Inc. (NASDAQ:FPAY), a small-cap firm with a market capitalization of $34.5 million and an general “Honest” monetary well being score in response to InvestingPro, noticed its CEO Harold Russell Heiser Jr. lately purchase 30,000 shares of the corporate’s widespread inventory, in response to a submitting with the Securities and Trade Fee. The transaction, which befell on December 23, 2024, was executed at a value of $1.45 per share, amounting to a complete funding of $43,500. The acquisition value represents a major low cost to the present buying and selling value of $1.61, with the inventory exhibiting sturdy momentum with a 17% acquire over the previous six months. Following this buy, Heiser’s direct possession in FlexShopper elevated to 969,874 shares. Need deeper insights into insider buying and selling patterns and complete evaluation? InvestingPro subscribers get entry to unique insider buying and selling evaluation and 10 further ProTips for FPAY.
In different current information, FlexShopper has seen vital enhancements in its monetary efficiency. The corporate reported a 15% enhance in gross leasing income and a 25% rise in internet lease income for the primary two months of the fourth quarter of 2024. Moreover, the corporate has managed to scale back unhealthy debt expense by 600 foundation factors. H.C. Wainwright maintains a Purchase score on FlexShopper, citing improved monetary efficiency and enticing valuation ranges.
FlexShopper additionally introduced board modifications, with Sean Hinze resigning and Denis Echtchenko becoming a member of as a brand new member. Modifications in govt compensation had been additionally reported, with an modification to CEO H. Russell Heiser Jr.’s employment settlement.
The corporate is anticipated to develop its business-to-business providing considerably in 2025, aiming to develop its signed retailer rely to 7,800. Two potential catalysts for FlexShopper in 2025 are the pending rights providing and ongoing patent litigation. These are current developments within the firm’s strong monetary efficiency and strategic progress initiatives.
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