BloombergSen Inc. Makes New Investment in First Advantage Co. (NYSE:FA)

BloombergSen Inc. acquired a new stake in First Advantage Co. (NYSE:FA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,294 shares of the company’s stock, valued at approximately $423,000. First Advantage makes up 0.0% of BloombergSen Inc.’s portfolio, making the stock its 27th largest position.

A number of other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in First Advantage by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock valued at $50,314,000 after acquiring an additional 254,219 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of First Advantage by 9.4% in the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after purchasing an additional 496,898 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Advantage in the third quarter worth about $676,000. Sei Investments Co. boosted 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 valued at $2,027,000 after buying an additional 27,237 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock valued at $252,000 after buying an additional 2,163 shares in the last quarter. Institutional investors own 94.91% of the company’s stock.

First Advantage Stock Up 1.4 %

Shares of FA opened at $18.70 on Friday. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $19.19 and a 200 day moving average of $17.53. The company has a market cap of $2.72 billion, a PE ratio of 116.25 and a beta of 1.18. First Advantage Co. has a 52-week low of $13.11 and a 52-week high of $20.75.

First Advantage (NYSE:FA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The firm had revenue of $184.55 million during the quarter, compared to analysts’ expectations of $184.66 million. During the same period in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, sell-side analysts expect that First Advantage Co. will post 0.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial lowered their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Finally, Citigroup lifted their price objective on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.25.

About First Advantage

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.