Swedbank AB Purchases Shares of 600,000 Sterling Check Corp. (NASDAQ:STER)

Swedbank AB purchased a new stake in shares of Sterling Check Corp. (NASDAQ:STER) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 600,000 shares of the company’s stock, valued at approximately $9,648,000. Swedbank AB owned about 0.61% of Sterling Check at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sunriver Management LLC boosted its position in shares of Sterling Check by 23.4% during the fourth quarter. Sunriver Management LLC now owns 1,107,704 shares of the company’s stock valued at $15,419,000 after purchasing an additional 209,823 shares in the last quarter. Gabelli Funds LLC purchased a new stake in shares of Sterling Check in the 1st quarter worth about $1,475,000. Swiss National Bank increased its stake in shares of Sterling Check by 6.5% in the 4th quarter. Swiss National Bank now owns 56,961 shares of the company’s stock worth $793,000 after acquiring an additional 3,500 shares in the last quarter. M&T Bank Corp purchased a new position in Sterling Check during the 4th quarter valued at about $151,000. Finally, SG Americas Securities LLC boosted its stake in Sterling Check by 29.0% during the fourth quarter. SG Americas Securities LLC now owns 17,213 shares of the company’s stock worth $240,000 after acquiring an additional 3,872 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Sterling Check Stock Down 0.6 %

Shares of NASDAQ STER traded down $0.10 on Friday, reaching $15.56. 312,394 shares of the company’s stock traded hands, compared to its average volume of 164,999. Sterling Check Corp. has a 12 month low of $10.00 and a 12 month high of $16.68. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -155.60 and a beta of 0.48. The business’s 50 day simple moving average is $15.22 and its two-hundred day simple moving average is $14.98. 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 (NASDAQ:STER) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $186.00 million for the quarter, compared to analysts’ expectations of $178.95 million. As a group, equities research analysts forecast that Sterling Check Corp. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Sterling Check

In other news, insider Lou Paglia sold 47,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 618,331 shares of the company’s stock, valued at approximately $9,367,714.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 65,387 shares of company stock worth $991,641 over the last three months. Corporate insiders own 9.90% of the company’s stock.

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.