Swiss National Bank Has $1.66 Million Stock Position in First Advantage Co. (NYSE:FA)

Swiss National Bank lowered its holdings in First Advantage Co. (NYSE:FA) by 11.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,100 shares of the company’s stock after selling 12,400 shares during the quarter. Swiss National Bank owned 0.07% of First Advantage worth $1,659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of First Advantage in the 3rd quarter worth approximately $60,000. Dark Forest Capital Management LP lifted its position in shares of First Advantage by 14.6% in the 3rd quarter. Dark Forest Capital Management LP now owns 17,343 shares of the company’s stock worth $239,000 after acquiring an additional 2,211 shares during the period. Andina Capital Management LLC bought a new stake in shares of First Advantage in the 4th quarter worth approximately $271,000. Principal Financial Group Inc. lifted its position in shares of First Advantage by 46.7% in the 3rd quarter. Principal Financial Group Inc. now owns 19,682 shares of the company’s stock worth $271,000 after acquiring an additional 6,270 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of First Advantage by 58.2% during the 3rd quarter. Victory Capital Management Inc. now owns 31,592 shares of the company’s stock worth $436,000 after buying an additional 11,622 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on FA shares. William Blair started coverage on First Advantage in a research report on Tuesday, April 23rd. They set an “outperform” rating for the company. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research report on Monday, May 13th. Evercore ISI raised their target price on First Advantage from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Stifel Nicolaus raised their target price on First Advantage from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Insider Buying and Selling at First Advantage

In other news, insider Joseph K. Jaeger sold 7,331 shares of First Advantage stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.08, for a total value of $117,882.48. Following the completion of the sale, the insider now directly owns 688,967 shares of the company’s stock, valued at approximately $11,078,589.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.70% of the company’s stock.

First Advantage Trading Down 0.3 %

Shares of FA opened at $16.48 on Monday. The stock has a fifty day moving average price of $15.99 and a two-hundred day moving average price of $16.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.29 and a current ratio of 4.29. First Advantage Co. has a 52-week low of $12.46 and a 52-week high of $17.49. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 74.91, a PEG ratio of 3.17 and a beta of 1.18.

First Advantage (NYSE:FA) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. First Advantage had a return on equity of 14.12% and a net margin of 4.28%. The firm had revenue of $169.40 million during the quarter, compared to the consensus estimate of $167.91 million. During the same quarter in the previous year, the company posted $0.19 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts predict that First Advantage Co. will post 0.83 EPS for the current fiscal year.

First Advantage Company Profile

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.