Olstein Capital Management L.P. Lowers Stake in First Advantage Co. (NYSE:FA)

Olstein Capital Management L.P. decreased its position in First Advantage Co. (NYSE:FAFree Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,000 shares of the company’s stock after selling 3,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in First Advantage were worth $1,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FA. Dimensional Fund Advisors LP grew its stake in shares of First Advantage by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock valued at $50,314,000 after buying an additional 254,219 shares in the last quarter. Sei Investments Co. increased its stake in First Advantage by 27.5% during the second quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock worth $2,027,000 after purchasing an additional 27,237 shares during the period. Marshall Wace LLP purchased a new position in shares of First Advantage in the second quarter valued at approximately $209,000. Quarry LP grew its holdings in shares of First Advantage by 49.7% in the second quarter. Quarry LP now owns 2,607 shares of the company’s stock valued at $42,000 after purchasing an additional 865 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in First Advantage during the 2nd quarter worth approximately $234,000. Hedge funds and other institutional investors own 94.91% of the company’s stock.

First Advantage Stock Up 0.3 %

FA opened at $18.48 on Friday. The business’s 50-day simple moving average is $18.74 and its 200-day simple moving average is $18.49. The stock has a market capitalization of $3.19 billion, a P/E ratio of 616.00 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. First Advantage Co. has a one year low of $14.01 and a one year high of $20.79.

First Advantage (NYSE:FAGet Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $199.10 million during the quarter, compared to the consensus estimate of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. Analysts anticipate that First Advantage Co. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. William Blair restated an “outperform” rating on shares of First Advantage in a research note on Wednesday, December 11th. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Wolfe Research lowered First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. BMO Capital Markets assumed coverage on First Advantage in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Barclays reiterated an “overweight” rating and issued a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.29.

Read Our Latest Research Report on FA

About First Advantage

(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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Institutional Ownership by Quarter for First Advantage (NYSE:FA)

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