First Advantage Co. $FA Shares Sold by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. reduced its position in shares of First Advantage Co. (NYSE:FA) by 49.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 290,532 shares of the company’s stock after selling 280,932 shares during the quarter. Leith Wheeler Investment Counsel Ltd.’s holdings in First Advantage were worth $4,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FA. Price T Rowe Associates Inc. MD increased its position in First Advantage by 200.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,409,427 shares of the company’s stock worth $62,130,000 after purchasing an additional 2,940,155 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in First Advantage by 139.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,168,792 shares of the company’s stock worth $30,559,000 after purchasing an additional 1,262,787 shares during the last quarter. Sunriver Management LLC increased its position in First Advantage by 49.2% during the first quarter. Sunriver Management LLC now owns 3,420,507 shares of the company’s stock worth $48,195,000 after purchasing an additional 1,128,272 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in First Advantage during the first quarter worth about $5,774,000. Finally, Palisade Capital Management LP increased its position in First Advantage by 23.1% during the first quarter. Palisade Capital Management LP now owns 1,562,809 shares of the company’s stock worth $22,020,000 after purchasing an additional 293,044 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

First Advantage Trading Down 1.7%

Shares of FA stock opened at $14.26 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The firm has a market cap of $2.48 billion, a PE ratio of 475.33 and a beta of 1.21. The company has a 50-day moving average of $15.90 and a two-hundred day moving average of $16.22. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79.

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

Insider Activity at First Advantage

In other news, President Joelle M. Smith sold 9,900 shares of the firm’s stock in a transaction that occurred on 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 transaction, the president owned 42,727 shares of the company’s stock, valued at approximately $670,813.90. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

FA has been the subject of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Zacks Research lowered shares of First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, First Advantage presently has a consensus rating of “Hold” and an average target price of $20.00.

First Advantage 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.