Diamond Hill Capital Management Inc. Has $48.83 Million Stock Position in First Advantage Co. (NYSE:FA)

Diamond Hill Capital Management Inc. lowered its stake in shares of First Advantage Co. (NYSE:FA) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,038,771 shares of the company’s stock after selling 16,096 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in First Advantage were worth $48,833,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Boston Partners grew its position in First Advantage by 155.3% in the 1st quarter. Boston Partners now owns 1,713,935 shares of the company’s stock worth $27,841,000 after purchasing an additional 1,042,473 shares during the last quarter. Capital Research Global Investors increased its stake in First Advantage by 9.4% during the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after acquiring an additional 496,898 shares during the period. Cat Rock Capital Management LP raised its holdings in First Advantage by 10.0% in the 4th quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock valued at $55,109,000 after acquiring an additional 303,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of First Advantage by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,820 shares of the company’s stock worth $44,090,000 after acquiring an additional 255,807 shares during the period. Finally, Sunriver Management LLC grew its holdings in shares of First Advantage by 26.4% during the 4th quarter. Sunriver Management LLC now owns 1,151,665 shares of the company’s stock worth $19,083,000 after purchasing an additional 240,464 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, First Advantage currently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Insider Activity

In related news, Director James Lindsey Clark sold 2,100 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $15.48, for a total transaction of $32,508.00. Following the completion of the sale, the director now owns 42,927 shares in the company, valued at approximately $664,509.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is owned by corporate insiders.

First Advantage Stock Performance

NYSE:FA opened at $19.56 on Friday. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $17.61 and a 200 day moving average price of $16.61. The firm has a market capitalization of $2.84 billion, a PE ratio of 88.91, a price-to-earnings-growth ratio of 3.71 and a beta of 1.16. First Advantage Co. has a 12-month low of $12.46 and a 12-month high of $19.71.

First Advantage (NYSE:FA) last posted its earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The business had revenue of $184.55 million during the quarter, compared to the consensus estimate of $184.66 million. During the same quarter last year, the company earned $0.24 EPS. First Advantage’s revenue was down .4% on a year-over-year basis. Research analysts anticipate that First Advantage Co. will post 0.82 earnings per share for the current fiscal year.

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.