BloombergSen Inc. boosted its holdings in shares of First Advantage Co. (NYSE:FA – Free Report) by 41.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 377,216 shares of the company’s stock after buying an additional 110,892 shares during the period. First Advantage makes up about 0.4% of BloombergSen Inc.’s portfolio, making the stock its 18th largest position. BloombergSen Inc.’s holdings in First Advantage were worth $5,481,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in FA. Quantbot Technologies LP bought a new stake in shares of First Advantage in the 2nd quarter worth $81,000. BNP Paribas Financial Markets grew its stake in shares of First Advantage by 105.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,166 shares of the company’s stock worth $119,000 after acquiring an additional 3,682 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of First Advantage by 503.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,932 shares of the company’s stock worth $132,000 after acquiring an additional 6,617 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of First Advantage by 22.6% in the 3rd quarter. SG Americas Securities LLC now owns 9,211 shares of the company’s stock worth $142,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of First Advantage in the 3rd quarter worth $163,000. Institutional investors own 94.91% of the company’s stock.
First Advantage Price Performance
FA opened at $15.42 on Friday. The firm has a market cap of $2.65 billion, a P/E ratio of 514.00 and a beta of 1.13. The firm has a 50-day moving average of $12.59 and a 200 day moving average of $13.01. 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 $8.82 and a fifty-two week high of $19.01.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on FA. Stifel Nicolaus set a $18.00 target price on shares of First Advantage in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Citigroup upped their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Barclays upped their target price on shares of First Advantage from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.50.
Check Out Our Latest Stock Report on First Advantage
Insiders Place Their Bets
In related news, President Joelle M. Smith sold 23,334 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $15.00, for a total transaction of $350,010.00. Following the completion of the transaction, the president owned 19,393 shares in the company, valued at approximately $290,895. This represents a 54.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.40% of the company’s stock.
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.
Further Reading
- Five stocks we like better than First Advantage
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding FA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Advantage Co. (NYSE:FA – Free Report).
Receive News & Ratings for First Advantage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Advantage and related companies with MarketBeat.com's FREE daily email newsletter.
