Nisa Investment Advisors LLC Has $330,000 Stock Position in First Advantage Co. (NYSE:FA)

Nisa Investment Advisors LLC cut its position in First Advantage Co. (NYSE:FA) by 42.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,934 shares of the company’s stock after selling 14,800 shares during the period. Nisa Investment Advisors LLC’s holdings in First Advantage were worth $330,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FA. UBS Group AG bought a new stake in First Advantage during the 3rd quarter worth about $29,000. Quantbot Technologies LP bought a new position in First Advantage in the 3rd quarter worth approximately $60,000. State of Wyoming acquired a new position in First Advantage during the 2nd quarter worth $65,000. Tower Research Capital LLC TRC increased its stake in shares of First Advantage by 157.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,244 shares of the company’s stock valued at $67,000 after buying an additional 3,211 shares during the period. Finally, Royal Bank of Canada raised its position in shares of First Advantage by 1,797.3% during the third quarter. Royal Bank of Canada now owns 6,280 shares of the company’s stock worth $81,000 after acquiring an additional 5,949 shares during the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Trading Up 0.6 %

NYSE:FA opened at $14.86 on Friday. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 59.44, a PEG ratio of 1.79 and a beta of 1.21. The business’s 50-day moving average price is $16.11 and its two-hundred day moving average price is $15.48. First Advantage Co. has a 1-year low of $12.10 and a 1-year high of $17.49.

First Advantage (NYSE:FA) last issued its earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $202.56 million during the quarter, compared to the consensus estimate of $211.05 million. First Advantage had a net margin of 4.88% and a return on equity of 13.84%. On average, equities analysts expect that First Advantage Co. will post 0.91 earnings per share for the current year.

Insider Buying and Selling

In other First Advantage news, insider Joseph K. Jaeger sold 20,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $16.95, for a total value of $339,000.00. Following the completion of the sale, the insider now directly owns 696,298 shares in the company, valued at $11,802,251.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on First Advantage from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Evercore ISI lifted their price target on shares of First Advantage from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th.

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.