Emerald Mutual Fund Advisers Trust Sells 264,835 Shares of First Advantage Co. (NYSE:FA)

Emerald Mutual Fund Advisers Trust trimmed its position in shares of First Advantage Co. (NYSE:FA) by 27.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 714,147 shares of the company’s stock after selling 264,835 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in First Advantage were worth $13,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. lifted its holdings in First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company’s stock worth $117,000 after acquiring an additional 832 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of First Advantage during the fourth quarter worth about $188,000. Tower Research Capital LLC TRC lifted its holdings in shares of First Advantage by 1,219.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company’s stock valued at $198,000 after purchasing an additional 9,755 shares in the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of First Advantage in the 4th quarter valued at approximately $210,000. Finally, Brighton Jones LLC bought a new stake in First Advantage during the 4th quarter worth approximately $257,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

FA has been the subject of several research analyst reports. BMO Capital Markets reduced their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. Barclays restated an “equal weight” rating and issued a $15.00 price target (down from $20.00) on shares of First Advantage in a report on Thursday, April 10th. Finally, William Blair reiterated an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.80.

First Advantage Price Performance

Shares of NYSE FA opened at $14.11 on Tuesday. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company has a market cap of $2.45 billion, a PE ratio of 470.33 and a beta of 1.20. The business’s 50 day moving average price is $14.33 and its two-hundred day moving average price is $17.23. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

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.