Arizona State Retirement System Takes $292,000 Position in First Advantage Co. (NYSE:FA)

Arizona State Retirement System acquired a new stake in First Advantage Co. (NYSE:FAGet Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,464 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FA. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in First Advantage in the fourth quarter valued at approximately $166,000. Shell Asset Management Co. bought a new position in First Advantage in the fourth quarter valued at approximately $181,000. ProShare Advisors LLC bought a new position in shares of First Advantage during the fourth quarter worth $229,000. PDT Partners LLC bought a new position in shares of First Advantage during the fourth quarter worth $388,000. Finally, Pentwater Capital Management LP bought a new position in shares of First Advantage during the fourth quarter worth $476,000. 92.01% of the stock is owned by institutional investors.

First Advantage Trading Down 1.6 %

Shares of NYSE FA opened at $14.02 on Friday. The company’s fifty day moving average is $13.39 and its 200-day moving average is $15.82. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 44.18, a P/E/G ratio of 1.14 and a beta of 1.68. First Advantage Co. has a twelve month low of $11.68 and a twelve month high of $24.73. The company has a quick ratio of 4.76, a current ratio of 4.76 and a debt-to-equity ratio of 0.48.

First Advantage (NYSE:FAGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. First Advantage had a net margin of 6.29% and a return on equity of 13.25%. The business had revenue of $189.88 million for the quarter, compared to analyst estimates of $181.75 million. Equities research analysts predict that First Advantage Co. will post 1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price target on shares of First Advantage from $22.00 to $20.00 in a research report on Monday, May 16th.

First Advantage Company Profile

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First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.

Further Reading

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Institutional Ownership by Quarter for First Advantage (NYSE:FA)

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