First Advantage Co. (NYSE:FA) Shares Sold by KLP Kapitalforvaltning AS

by · The Markets Daily

KLP Kapitalforvaltning AS trimmed its holdings in shares of First Advantage Co. (NYSE:FA – Free Report) by 26.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,823 shares of the company’s stock after selling 5,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in First Advantage were worth $209,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new stake in shares of First Advantage during the first quarter worth about $30,000. Cornerstone Planning Group LLC acquired a new position in First Advantage during the 1st quarter valued at approximately $63,000. GAMMA Investing LLC lifted its stake in shares of First Advantage by 748.5% during the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company’s stock worth $97,000 after buying an additional 6,078 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock valued at $117,000 after buying an additional 832 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of First Advantage in the 4th quarter valued at $132,000. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Price Performance

Shares of NYSE:FA opened at $17.29 on Friday. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company’s 50 day moving average is $17.45 and its 200 day moving average is $16.56. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $3.00 billion, a PE ratio of 576.33 and a beta of 1.24.

First Advantage (NYSE:FA – Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same period in the prior year, the firm posted $0.17 EPS. The company’s quarterly revenue was up 109.3% compared to the same quarter last year. On average, sell-side analysts forecast that First Advantage Co. will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on FA shares. Royal Bank Of Canada cut First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 price target for the company. in a research report on Friday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Monday, June 2nd. Finally, Barclays upped their target price on First Advantage from $15.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, First Advantage presently has a consensus rating of “Hold” and a consensus price target of $20.25.

Check Out Our Latest Research Report on First Advantage

First Advantage Profile

(Free Report)

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.

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