First Advantage Co. $FA Shares Purchased by Cortland Associates Inc. MO

Cortland Associates Inc. MO lifted its position in First Advantage Co. (NYSE:FA) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,327,850 shares of the company’s stock after acquiring an additional 8,806 shares during the quarter. First Advantage comprises about 2.6% of Cortland Associates Inc. MO’s portfolio, making the stock its 16th biggest holding. Cortland Associates Inc. MO’s holdings in First Advantage were worth $22,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in shares of First Advantage by 2,967.1% in the 1st quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company’s stock valued at $130,000 after purchasing an additional 8,931 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of First Advantage by 26.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company’s stock valued at $350,000 after purchasing an additional 5,185 shares during the period. Fred Alger Management LLC lifted its stake in shares of First Advantage by 10.4% in the 1st quarter. Fred Alger Management LLC now owns 1,289,173 shares of the company’s stock valued at $18,164,000 after purchasing an additional 121,687 shares during the period. Rhumbline Advisers raised its position in First Advantage by 10.8% during the first quarter. Rhumbline Advisers now owns 87,194 shares of the company’s stock worth $1,229,000 after acquiring an additional 8,498 shares during the period. Finally, Voya Investment Management LLC raised its position in First Advantage by 23.6% during the first quarter. Voya Investment Management LLC now owns 174,483 shares of the company’s stock worth $2,458,000 after acquiring an additional 33,339 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

First Advantage Price Performance

Shares of NYSE FA opened at $15.06 on Wednesday. The firm has a 50-day simple moving average of $16.06 and a 200-day simple moving average of $16.19. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 502.00 and a beta of 1.21. 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 Co. has a 52 week low of $12.32 and a 52 week high of $20.79.

First Advantage (NYSE:FA) last issued its earnings results on Thursday, August 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. First Advantage’s revenue for the quarter was up 111.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. On average, equities analysts predict that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Insider Activity at First Advantage

In other news, President Joelle M. Smith sold 9,900 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total value of $155,430.00. Following the completion of the sale, the president directly owned 42,727 shares in the company, valued at $670,813.90. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of First Advantage from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.00.

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.