First Advantage Co. $FA Shares Sold by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. lessened its stake in First Advantage Co. (NYSE:FA) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 556,578 shares of the company’s stock after selling 14,886 shares during the quarter. Leith Wheeler Investment Counsel Ltd.’s holdings in First Advantage were worth $9,245,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FA. Price T Rowe Associates Inc. MD lifted its position in First Advantage by 200.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,409,427 shares of the company’s stock worth $62,130,000 after acquiring an additional 2,940,155 shares in the last quarter. Sunriver Management LLC boosted its stake in First Advantage by 49.2% in the first quarter. Sunriver Management LLC now owns 3,420,507 shares of the company’s stock valued at $48,195,000 after acquiring an additional 1,128,272 shares during the period. Boston Partners grew its position in First Advantage by 17.8% in the 2nd quarter. Boston Partners now owns 2,852,983 shares of the company’s stock worth $47,148,000 after purchasing an additional 431,410 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in First Advantage by 139.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,168,792 shares of the company’s stock valued at $30,559,000 after acquiring an additional 1,262,787 shares during the period. Finally, Emerald Advisers LLC raised its stake in shares of First Advantage by 26.1% during the second quarter. Emerald Advisers LLC now owns 1,431,731 shares of the company’s stock valued at $23,781,000 after purchasing an additional 296,663 shares in the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Price Performance

Shares of NYSE:FA opened at $13.18 on Tuesday. The business has a 50 day moving average price of $14.73 and a 200 day moving average price of $16.20. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 439.33 and a beta of 1.19. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a twelve month low of $12.25 and a twelve month high of $20.79.

First Advantage (NYSE:FA) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 105.5% on a year-over-year basis. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. Research analysts predict that First Advantage Co. will post 0.74 earnings per share for the current year.

Insider Activity at First Advantage

In related news, President Joelle M. Smith sold 9,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total transaction of $155,430.00. Following the completion of the sale, the president directly owned 42,727 shares of the company’s stock, valued at $670,813.90. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research lowered First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. decreased their target price on First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Needham & Company LLC restated a “hold” rating on shares of First Advantage in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, First Advantage currently has an average rating of “Hold” and an average price target of $19.25.

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.