Caitong International Asset Management Co. Ltd Has $39,000 Position in First Advantage Co. $FA

Caitong International Asset Management Co. Ltd boosted its position in First Advantage Co. (NYSE:FA) by 1,208.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,368 shares of the company’s stock after purchasing an additional 2,187 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in First Advantage were worth $39,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC bought a new stake in shares of First Advantage in the 1st quarter valued at about $30,000. Cornerstone Planning Group LLC bought a new stake in shares of First Advantage in the 1st quarter valued at about $63,000. Russell Investments Group Ltd. grew its position 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 buying an additional 8,931 shares during the last quarter. TD Asset Management Inc bought a new stake in shares of First Advantage in the 1st quarter valued at about $187,000. Finally, Brighton Jones LLC bought a new stake in shares of First Advantage in the 4th quarter valued at about $257,000. Institutional investors own 94.91% of the company’s stock.

Insiders Place Their Bets

In related news, President Joelle M. Smith sold 9,900 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $15.70, for a total transaction of $155,430.00. Following the transaction, the president directly owned 42,727 shares of the company’s stock, valued at approximately $670,813.90. This represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.90% of the company’s stock.

First Advantage Stock Down 0.2%

Shares of First Advantage stock opened at $14.39 on Friday. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. 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 stock’s 50-day moving average is $15.44 and its 200 day moving average is $16.23. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 479.67 and a beta of 1.21.

First Advantage (NYSE:FA) last announced its earnings results 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 return on equity of 13.16% and a net margin of 0.65%.During the same quarter last year, the business posted $0.21 EPS. The company’s quarterly revenue was up 111.7% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Equities research analysts anticipate that First Advantage Co. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FA shares. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Zacks Research lowered First Advantage from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, First Advantage has a consensus rating of “Hold” and an average price target 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.