Emerald Mutual Fund Advisers Trust Has $11.89 Million Position in First Advantage Co. $FA

Emerald Mutual Fund Advisers Trust cut its position in First Advantage Co. (NYSE:FA) by 7.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 772,716 shares of the company’s stock after selling 63,201 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.44% of First Advantage worth $11,892,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of First Advantage by 1,208.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock valued at $39,000 after acquiring an additional 2,187 shares during the period. Quantbot Technologies LP acquired a new stake in First Advantage in the 2nd quarter worth about $81,000. Parkside Financial Bank & Trust boosted its holdings in First Advantage by 22.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,164 shares of the company’s stock valued at $119,000 after purchasing an additional 1,328 shares during the period. BNP Paribas Financial Markets boosted its holdings in First Advantage by 105.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,166 shares of the company’s stock valued at $119,000 after purchasing an additional 3,682 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of First Advantage by 503.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,932 shares of the company’s stock worth $132,000 after purchasing an additional 6,617 shares during the period. Institutional investors own 94.91% of the company’s stock.

First Advantage Price Performance

First Advantage stock opened at $14.79 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 52 week low of $11.95 and a 52 week high of $20.27. The stock has a market capitalization of $2.58 billion, a P/E ratio of 493.00 and a beta of 1.18. The stock has a fifty day moving average of $14.42 and a 200-day moving average of $15.25.

First Advantage (NYSE:FA) last released its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.The business’s revenue for the quarter was up 105.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. On average, sell-side analysts expect that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price target on First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Zacks Research downgraded First Advantage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Advantage has a consensus rating of “Hold” and an average target price of $19.25.

First Advantage Company Profile

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.