Sterling Check (NASDAQ:STER) Sets New 52-Week High at $16.71

Sterling Check Corp. (NASDAQ:STER) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.71 and last traded at $16.65, with a volume of 1152 shares changing hands. The stock had previously closed at $16.62.

Sterling Check Trading Down 0.2 %

The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.64 billion, a P/E ratio of -167.90 and a beta of 0.48. The company has a 50-day moving average price of $15.79 and a 200 day moving average price of $15.57.

Sterling Check (NASDAQ:STER) last announced its earnings results on Thursday, August 8th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). Sterling Check had a positive return on equity of 7.73% and a negative net margin of 2.07%. The firm had revenue of $200.50 million during the quarter, compared to the consensus estimate of $199.81 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts forecast that Sterling Check Corp. will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at Sterling Check

In related news, insider Lou Paglia sold 47,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $15.15, for a total transaction of $712,050.00. Following the transaction, the insider now directly owns 618,331 shares of the company’s stock, valued at approximately $9,367,714.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.90% of the company’s stock.

Institutional Trading of Sterling Check

Several large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Sterling Check by 10.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,178 shares of the company’s stock worth $210,000 after purchasing an additional 1,372 shares during the period. Rhumbline Advisers increased its holdings in Sterling Check by 4.2% in the second quarter. Rhumbline Advisers now owns 48,246 shares of the company’s stock valued at $714,000 after buying an additional 1,940 shares in the last quarter. Quest Partners LLC raised its position in shares of Sterling Check by 7,540.0% in the second quarter. Quest Partners LLC now owns 2,674 shares of the company’s stock worth $40,000 after acquiring an additional 2,639 shares during the period. Swiss National Bank grew its position in shares of Sterling Check by 6.5% during the 4th quarter. Swiss National Bank now owns 56,961 shares of the company’s stock valued at $793,000 after acquiring an additional 3,500 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of Sterling Check by 0.9% in the 4th quarter. Clearbridge Investments LLC now owns 812,681 shares of the company’s stock valued at $11,313,000 after purchasing an additional 7,307 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

About Sterling Check

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.