Gabelli Funds LLC Invests $1.48 Million in Sterling Check Corp. (NASDAQ:STER)

Gabelli Funds LLC purchased a new position in shares of Sterling Check Corp. (NASDAQ:STER) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 91,729 shares of the company’s stock, valued at approximately $1,475,000. Gabelli Funds LLC owned 0.09% of Sterling Check at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Sterling Check by 13.6% during the third quarter. Vanguard Group Inc. now owns 2,979,401 shares of the company’s stock valued at $37,600,000 after purchasing an additional 356,649 shares during the period. SG Americas Securities LLC grew its holdings in Sterling Check by 29.0% during the fourth quarter. SG Americas Securities LLC now owns 17,213 shares of the company’s stock valued at $240,000 after purchasing an additional 3,872 shares during the period. Victory Capital Management Inc. grew its holdings in Sterling Check by 39.6% during the fourth quarter. Victory Capital Management Inc. now owns 64,226 shares of the company’s stock valued at $894,000 after purchasing an additional 18,226 shares during the period. Swiss National Bank grew its holdings in Sterling Check by 6.5% during the fourth quarter. Swiss National Bank now owns 56,961 shares of the company’s stock valued at $793,000 after purchasing an additional 3,500 shares during the period. Finally, M&T Bank Corp acquired a new position in Sterling Check during the fourth quarter valued at approximately $151,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Sterling Check Trading Up 0.6 %

NASDAQ STER traded up $0.09 during trading on Friday, reaching $15.75. 126,849 shares of the stock traded hands, compared to its average volume of 183,431. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.74. Sterling Check Corp. has a fifty-two week low of $10.00 and a fifty-two week high of $16.68. The stock’s 50-day moving average price is $15.22 and its 200 day moving average price is $14.92. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -157.50 and a beta of 0.48.

Sterling Check (NASDAQ:STER) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Sterling Check had a negative net margin of 1.19% and a positive return on equity of 8.47%. The company had revenue of $186.00 million during the quarter, compared to the consensus estimate of $178.95 million. Analysts predict that Sterling Check Corp. will post 0.73 EPS for the current year.

Insider Buying and Selling at Sterling Check

In other Sterling Check news, insider Lou Paglia sold 47,000 shares of Sterling Check stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $15.15, for a total value of $712,050.00. Following the transaction, the insider now owns 618,331 shares of the company’s stock, valued at $9,367,714.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 65,387 shares of company stock valued at $991,641. 9.90% of the stock is currently owned by corporate insiders.

Sterling Check Profile

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.