Advisory Research Inc. Grows Holdings in First Advantage Co. (NYSE:FA)

Advisory Research Inc. grew its stake in shares of First Advantage Co. (NYSE:FA) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 212,446 shares of the company’s stock after buying an additional 1,216 shares during the quarter. Advisory Research Inc. owned 0.12% of First Advantage worth $3,979,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FA. Barclays PLC raised its position in First Advantage by 57.3% in the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after purchasing an additional 29,752 shares during the period. Vanguard Group Inc. lifted its stake in shares of First Advantage by 48.0% in the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after acquiring an additional 2,409,233 shares during the last quarter. Truist Financial Corp boosted its holdings in First Advantage by 37.4% during the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock valued at $358,000 after acquiring an additional 5,197 shares during the period. Geode Capital Management LLC grew its position in First Advantage by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock worth $25,692,000 after acquiring an additional 9,718 shares during the last quarter. Finally, Cortland Associates Inc. MO purchased a new position in First Advantage in the 4th quarter worth approximately $24,328,000. 94.91% of the stock is owned by institutional investors.

First Advantage Stock Performance

Shares of FA opened at $13.79 on Thursday. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. The company has a 50-day simple moving average of $15.28 and a two-hundred day simple moving average of $17.60. 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 capitalization of $2.39 billion, a PE ratio of 459.67 and a beta of 1.20.

Analysts Set New Price Targets

FA has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. Barclays restated an “equal weight” rating and issued a $15.00 price objective (down previously from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. BMO Capital Markets dropped their target price on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, William Blair restated an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.80.

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.