Advantage Alpha Capital Partners LP Cuts Stock Holdings in First Advantage Co. $FA

Advantage Alpha Capital Partners LP lessened its holdings in First Advantage Co. (NYSE:FA) by 23.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 297,854 shares of the company’s stock after selling 93,495 shares during the period. First Advantage comprises 1.3% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 18th biggest position. Advantage Alpha Capital Partners LP owned 0.17% of First Advantage worth $4,947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in First Advantage by 200.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,409,427 shares of the company’s stock worth $62,130,000 after buying an additional 2,940,155 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of First Advantage by 139.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,168,792 shares of the company’s stock worth $30,559,000 after acquiring an additional 1,262,787 shares in the last quarter. Sunriver Management LLC boosted its position in First Advantage by 49.2% during the first quarter. Sunriver Management LLC now owns 3,420,507 shares of the company’s stock valued at $48,195,000 after purchasing an additional 1,128,272 shares in the last quarter. Boston Partners grew its stake in First Advantage by 19.6% in the second quarter. Boston Partners now owns 2,896,207 shares of the company’s stock valued at $47,866,000 after purchasing an additional 474,634 shares during the last quarter. Finally, Emerald Advisers LLC raised its holdings in First Advantage by 26.1% in the second quarter. Emerald Advisers LLC now owns 1,431,731 shares of the company’s stock worth $23,781,000 after purchasing an additional 296,663 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.

First Advantage Stock Down 1.4%

Shares of FA stock opened at $13.82 on Friday. First Advantage Co. has a twelve month low of $11.95 and a twelve month high of $20.36. The stock has a market cap of $2.41 billion, a P/E ratio of 460.67 and a beta of 1.19. The stock has a 50 day moving average of $14.04 and a 200 day moving average of $16.01. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.The company’s revenue was up 105.5% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. As a group, sell-side analysts expect that First Advantage Co. will post 0.74 EPS for the current year.

Insider Buying and Selling

In other First Advantage news, President Joelle M. Smith sold 9,900 shares of First Advantage stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

FA has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of First Advantage from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. JPMorgan Chase & Co. lowered their target price on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, First Advantage has an average rating of “Moderate Buy” and an average target price of $19.25.

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.