Allspring Global Investments Holdings LLC reduced its holdings in First Advantage Co. (NYSE:FA – Free Report) by 28.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,179 shares of the company’s stock after selling 86,327 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.15% of First Advantage worth $3,285,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of First Advantage by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,157 shares of the company’s stock worth $156,000 after acquiring an additional 1,082 shares in the last quarter. Deutsche Bank AG boosted its position in shares of First Advantage by 0.4% during the fourth quarter. Deutsche Bank AG now owns 453,582 shares of the company’s stock worth $5,897,000 after buying an additional 1,815 shares during the period. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of First Advantage by 0.6% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 351,100 shares of the company’s stock worth $4,901,000 after buying an additional 2,200 shares in the last quarter. UBS Group AG bought a new position in shares of First Advantage during the third quarter worth about $29,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of First Advantage by 27.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,391 shares of the company’s stock worth $173,000 after buying an additional 2,690 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on FA. Wolfe Research began coverage on First Advantage in a report on Wednesday, September 13th. They set an “outperform” rating and a $17.00 price objective for the company. Barclays increased their price objective on First Advantage from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.60.
First Advantage Stock Up 0.5 %
FA stock opened at $13.32 on Friday. 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 business has a 50 day moving average price of $13.76 and a two-hundred day moving average price of $13.99. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 41.63, a P/E/G ratio of 1.55 and a beta of 1.17. First Advantage Co. has a twelve month low of $10.07 and a twelve month high of $15.89.
First Advantage (NYSE:FA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $185.30 million during the quarter, compared to the consensus estimate of $182.38 million. First Advantage had a return on equity of 12.88% and a net margin of 6.29%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Analysts anticipate that First Advantage Co. will post 0.96 EPS for the current fiscal year.
First Advantage Dividend Announcement
The firm also recently announced a dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 21st were paid a dividend of $1.50 per share. The ex-dividend date was Friday, August 18th.
Insider Transactions at First Advantage
In other news, Director Lake Group L.L.C. Silver sold 169,510 shares of First Advantage stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $14.29, for a total transaction of $2,422,297.90. Following the completion of the transaction, the director now directly owns 153,329 shares in the company, valued at approximately $2,191,071.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Bret T. Jardine sold 12,000 shares of First Advantage stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $15.20, for a total transaction of $182,400.00. Following the completion of the sale, the insider now directly owns 4,537 shares of the company’s stock, valued at approximately $68,962.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lake Group L.L.C. Silver sold 169,510 shares of First Advantage stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $14.29, for a total value of $2,422,297.90. Following the sale, the director now directly owns 153,329 shares of the company’s stock, valued at $2,191,071.41. The disclosure for this sale can be found here. In the last three months, insiders sold 191,510 shares of company stock worth $2,748,598. 4.70% of the stock is owned by company insiders.
About First Advantage
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.
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