Rhumbline Advisers Acquires 8,498 Shares of First Advantage Co. $FA

Rhumbline Advisers lifted its holdings in shares of First Advantage Co. (NYSE:FA) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,194 shares of the company’s stock after acquiring an additional 8,498 shares during the period. Rhumbline Advisers owned approximately 0.05% of First Advantage worth $1,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FA. Signaturefd LLC acquired a new position in First Advantage during the 1st quarter valued at about $30,000. Cornerstone Planning Group LLC bought a new position in shares of First Advantage in the first quarter valued at approximately $63,000. GAMMA Investing LLC boosted its position in shares of First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company’s stock valued at $97,000 after buying an additional 6,078 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of First Advantage by 2,967.1% during the first quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company’s stock valued at $130,000 after buying an additional 8,931 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in First Advantage during the fourth quarter worth $132,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Price Performance

Shares of NYSE FA opened at $15.32 on Friday. 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 Co. has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The stock has a market cap of $2.67 billion, a PE ratio of 510.67 and a beta of 1.23. The stock has a fifty day moving average of $16.67 and a 200-day moving average of $16.01.

First Advantage (NYSE:FA) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.First Advantage’s revenue was up 111.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Equities research analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current year.

Insider Activity at First Advantage

In related news, President Joelle M. Smith sold 9,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total transaction of $155,430.00. Following the completion of the transaction, the president owned 42,727 shares of the company’s stock, valued at approximately $670,813.90. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research upgraded First Advantage from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Barclays increased their target price on shares of First Advantage from $15.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th. Finally, Needham & Company LLC restated a “hold” rating on shares of First Advantage in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Advantage has an average rating of “Moderate Buy” and a consensus price target of $20.25.

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.