First Advantage Co. (NYSE:FA) Insider Sells $143,900.00 in Stock

First Advantage Co. (NYSE:FA) insider Joelle M. Smith sold 10,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $14.39, for a total transaction of $143,900.00. Following the completion of the sale, the insider now directly owns 24,669 shares of the company’s stock, valued at $354,986.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

First Advantage Stock Performance

NYSE FA traded down $0.08 during trading hours on Monday, hitting $14.10. 597,765 shares of the stock were exchanged, compared to its average volume of 322,953. First Advantage Co. has a 12-month low of $10.07 and a 12-month high of $15.89. The stock has a 50-day moving average of $14.59 and a 200 day moving average of $13.93. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.63 and a beta of 1.20. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 0.51.

First Advantage (NYSE:FA) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. First Advantage had a return on equity of 12.88% and a net margin of 6.29%. The business had revenue of $185.30 million during the quarter, compared to analysts’ expectations of $182.38 million. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that First Advantage Co. will post 1.01 earnings per share for the current year.

First Advantage Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 21st were issued a dividend of $1.50 per share. The ex-dividend date was Friday, August 18th.

Analysts Set New Price Targets

FA has been the subject of several research analyst reports. Barclays increased their price objective on First Advantage from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Wolfe Research assumed coverage on First Advantage in a report on Wednesday, September 13th. They set an “outperform” rating and a $17.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.17.

Institutional Investors Weigh In On First Advantage

Institutional investors and hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in shares of First Advantage by 3.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 27,652 shares of the company’s stock worth $426,000 after buying an additional 1,025 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in First Advantage by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,157 shares of the company’s stock valued at $156,000 after buying an additional 1,082 shares during the last quarter. Arizona State Retirement System increased its position in First Advantage by 7.8% during the second quarter. Arizona State Retirement System now owns 16,603 shares of the company’s stock worth $256,000 after buying an additional 1,196 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of First Advantage by 2.4% in the second quarter. California State Teachers Retirement System now owns 70,200 shares of the company’s stock valued at $1,082,000 after acquiring an additional 1,655 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of First Advantage by 15.3% during the second quarter. Stifel Financial Corp now owns 12,800 shares of the company’s stock valued at $197,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

About First Advantage

First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital 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.