First Advantage Co. (NYSE:FA) Shares Sold by Interval Partners LP

Interval Partners LP cut its holdings in First Advantage Co. (NYSE:FA) by 20.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,253 shares of the company’s stock after selling 9,940 shares during the quarter. Interval Partners LP’s holdings in First Advantage were worth $548,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FA. UBS Group AG acquired a new stake in First Advantage during the third quarter worth approximately $29,000. Tower Research Capital LLC TRC boosted its position in First Advantage by 157.9% during the third quarter. Tower Research Capital LLC TRC now owns 5,244 shares of the company’s stock worth $67,000 after acquiring an additional 3,211 shares during the last quarter. Royal Bank of Canada boosted its position in First Advantage by 1,797.3% during the third quarter. Royal Bank of Canada now owns 6,280 shares of the company’s stock worth $81,000 after acquiring an additional 5,949 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in First Advantage during the second quarter worth approximately $88,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in First Advantage during the fourth quarter worth approximately $131,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Bret T. Jardine sold 12,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $15.20, for a total value of $182,400.00. Following the transaction, the insider now owns 4,537 shares of the company’s stock, valued at approximately $68,962.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.70% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays increased their price target on shares of First Advantage from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Six analysts have rated the stock with a hold rating, According to MarketBeat, First Advantage has an average rating of “Hold” and a consensus price target of $14.80.

First Advantage Stock Performance

NYSE:FA opened at $13.22 on Monday. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.92 billion, a P/E ratio of 41.31, a P/E/G ratio of 1.50 and a beta of 1.20. First Advantage Co. has a fifty-two week low of $10.07 and a fifty-two week high of $15.89. The firm’s 50 day moving average is $14.70 and its two-hundred day moving average is $13.92.

First Advantage (NYSE:FA) last issued its earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. First Advantage had a net margin of 6.29% and a return on equity of 12.88%. The business had revenue of $185.30 million for the quarter, compared to the consensus estimate of $182.38 million. During the same quarter last year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Analysts expect that First Advantage Co. will post 1.01 EPS for the current year.

First Advantage Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 21st were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, August 18th.

First Advantage Company Profile

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.