Quadrature Capital Ltd Makes New $921,000 Investment in Sterling Check Corp. (NASDAQ:STER)

Quadrature Capital Ltd bought a new position in Sterling Check Corp. (NASDAQ:STER) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 57,336 shares of the company’s stock, valued at approximately $921,000.

Several other large investors have also added to or reduced their stakes in STER. Vanguard Group Inc. boosted its stake in Sterling Check by 13.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,979,401 shares of the company’s stock worth $37,600,000 after purchasing an additional 356,649 shares during the period. SG Americas Securities LLC boosted its stake in Sterling Check by 29.0% in the 4th quarter. SG Americas Securities LLC now owns 17,213 shares of the company’s stock worth $240,000 after purchasing an additional 3,872 shares during the period. Victory Capital Management Inc. boosted its stake in Sterling Check by 39.6% in the 4th quarter. Victory Capital Management Inc. now owns 64,226 shares of the company’s stock worth $894,000 after purchasing an additional 18,226 shares during the period. Swiss National Bank boosted its position in shares of Sterling Check by 6.5% during the 4th quarter. Swiss National Bank now owns 56,961 shares of the company’s stock valued at $793,000 after acquiring an additional 3,500 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Sterling Check during the 4th quarter valued at about $151,000. Institutional investors own 84.34% of the company’s stock.

Sterling Check Price Performance

Shares of STER traded up $0.09 during trading hours on Friday, reaching $15.75. 126,849 shares of the company’s stock traded hands, compared to its average volume of 183,431. The stock has a market cap of $1.54 billion, a PE ratio of -157.50 and a beta of 0.48. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.74. The firm’s 50 day simple moving average is $15.22 and its 200-day simple moving average is $14.92. Sterling Check Corp. has a 12 month low of $10.00 and a 12 month high of $16.68.

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

Insider Buying and Selling

In related news, insider Lou Paglia sold 17,526 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $15.19, for a total value of $266,219.94. Following the completion of the sale, the insider now owns 618,331 shares in the company, valued at approximately $9,392,447.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 65,387 shares of company stock worth $991,641 in the last quarter. 9.90% of the stock is owned by insiders.

Sterling Check Company 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.