Melanie Laird Sells 300,000 Shares of Sterling Check Corp. (NASDAQ:STER) Stock

Sterling Check Corp. (NASDAQ:STER) major shareholder Melanie Laird sold 300,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $17.18, for a total value of $5,154,000.00. Following the transaction, the insider now directly owns 10,749,576 shares of the company’s stock, valued at $184,677,715.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Melanie Laird also recently made the following trade(s):

• On Friday, September 20th, Melanie Laird sold 22,278 shares of Sterling Check stock. The shares were sold at an average price of $16.96, for a total value of $377,834.88.

Sterling Check Stock Down 1.2 %

Shares of STER opened at $16.99 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.66 billion, a PE ratio of -99.94 and a beta of 0.49. The company’s fifty day moving average is $16.38 and its two-hundred day moving average is $15.70. Sterling Check Corp. has a fifty-two week low of $10.00 and a fifty-two week high of $17.35.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quest Partners LLC boosted its position in Sterling Check by 7,540.0% in the 2nd quarter. Quest Partners LLC now owns 2,674 shares of the company’s stock valued at $40,000 after buying an additional 2,639 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Sterling Check in the 3rd quarter valued at approximately $218,000. Blackstone Inc. purchased a new position in shares of Sterling Check during the 1st quarter valued at approximately $220,000. The Manufacturers Life Insurance Company grew its position 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 buying an additional 1,372 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Sterling Check in the first quarter worth $320,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their target price on shares of Sterling Check from $16.20 to $17.50 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.20.

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.