Rhumbline Advisers Purchases 8,498 Shares of First Advantage Co. (NYSE:FA)

Rhumbline Advisers boosted its position in First Advantage Co. (NYSE:FA) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,194 shares of the company’s stock after buying an additional 8,498 shares during the quarter. Rhumbline Advisers owned approximately 0.05% of First Advantage worth $1,229,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FA. GAMMA Investing LLC increased its position in shares of First Advantage by 748.5% in the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company’s stock valued at $97,000 after acquiring an additional 6,078 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock worth $117,000 after purchasing an additional 832 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of First Advantage during the 4th quarter worth approximately $132,000. Two Sigma Securities LLC bought a new stake in shares of First Advantage during the 4th quarter worth approximately $188,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of First Advantage by 1,219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock valued at $198,000 after buying an additional 9,755 shares during the last quarter. Institutional investors own 94.91% of the company’s stock.

First Advantage Stock Performance

Shares of FA stock opened at $17.25 on Friday. First Advantage Co. has a 52 week low of $12.32 and a 52 week high of $20.79. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 575.00 and a beta of 1.27. The company has a 50-day simple moving average of $16.42 and a 200 day simple moving average of $16.87. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

First Advantage (NYSE:FA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the prior year, the firm earned $0.17 earnings per share. First Advantage’s revenue for the quarter was up 109.3% on a year-over-year basis. On average, sell-side analysts predict that First Advantage Co. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. BMO Capital Markets dropped their target price on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Royal Bank Of Canada cut First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 price target for the company. in a report on Friday, May 9th. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Monday, June 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $66.00.

First Advantage Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions 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.