Capital Research Global Investors Acquires 496,898 Shares of First Advantage Co. (NYSE:FA)

Capital Research Global Investors grew its stake in First Advantage Co. (NYSE:FA) by 9.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,777,481 shares of the company’s stock after purchasing an additional 496,898 shares during the quarter. Capital Research Global Investors owned about 3.98% of First Advantage worth $93,711,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in First Advantage in the 4th quarter valued at about $179,000. Andina Capital Management LLC bought a new position in First Advantage in the fourth quarter valued at approximately $271,000. MQS Management LLC bought a new position in First Advantage in the first quarter valued at approximately $334,000. Principal Financial Group Inc. increased its stake in First Advantage by 16.3% in the fourth quarter. Principal Financial Group Inc. now owns 22,889 shares of the company’s stock valued at $379,000 after acquiring an additional 3,207 shares during the last quarter. Finally, Olstein Capital Management L.P. increased its stake in First Advantage by 185.0% in the fourth quarter. Olstein Capital Management L.P. now owns 57,000 shares of the company’s stock valued at $944,000 after acquiring an additional 37,000 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

Insider Activity

In other news, Director James Lindsey Clark sold 5,603 shares of First Advantage stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $16.25, for a total transaction of $91,048.75. Following the completion of the transaction, the director now directly owns 45,027 shares of the company’s stock, valued at approximately $731,688.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other First Advantage news, insider Joseph K. Jaeger sold 7,331 shares of First Advantage stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.08, for a total transaction of $117,882.48. Following the sale, the insider now owns 688,967 shares of the company’s stock, valued at approximately $11,078,589.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Lindsey Clark sold 5,603 shares of First Advantage stock in a transaction on Monday, June 10th. The stock was sold at an average price of $16.25, for a total transaction of $91,048.75. Following the sale, the director now directly owns 45,027 shares in the company, valued at approximately $731,688.75. The disclosure for this sale can be found here. Insiders sold a total of 15,034 shares of company stock valued at $241,439 in the last three months. 5.30% of the stock is currently owned by corporate insiders.

First Advantage Stock Up 1.2 %

Shares of NYSE:FA traded up $0.21 during trading on Friday, reaching $17.24. The stock had a trading volume of 289,012 shares, compared to its average volume of 434,551. First Advantage Co. has a one year low of $12.46 and a one year high of $17.49. The company has a market capitalization of $2.50 billion, a P/E ratio of 18.92, a PEG ratio of 3.27 and a beta of 1.14. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $16.31 and its 200 day simple moving average is $16.24.

First Advantage (NYSE:FA) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $169.40 million for the quarter, compared to analysts’ expectations of $167.91 million. First Advantage had a net margin of 4.28% and a return on equity of 14.12%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. As a group, research analysts expect that First Advantage Co. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FA. William Blair assumed coverage on shares of First Advantage in a research report on Tuesday, April 23rd. They issued an “outperform” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a research note on Monday, May 13th. Finally, Truist Financial dropped their price objective on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.20.

About First Advantage

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.