Caitong International Asset Management Co. Ltd Has $39,000 Stock Position in First Advantage Co. $FA

Caitong International Asset Management Co. Ltd increased its position in shares of First Advantage Co. (NYSE:FA) by 1,208.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,368 shares of the company’s stock after buying an additional 2,187 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in First Advantage were worth $39,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Advantage by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock worth $501,000 after buying an additional 1,471 shares during the period. Signaturefd LLC purchased a new stake in shares of First Advantage in the first quarter worth approximately $30,000. CenterBook Partners LP raised its stake in shares of First Advantage by 2.3% in the first quarter. CenterBook Partners LP now owns 199,728 shares of the company’s stock worth $2,814,000 after purchasing an additional 4,404 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of First Advantage in the first quarter worth approximately $63,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of First Advantage by 26.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company’s stock worth $350,000 after purchasing an additional 5,185 shares during the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Stock Performance

Shares of FA opened at $14.39 on Friday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 479.67 and a beta of 1.21. The stock has a 50 day moving average of $15.44 and a 200 day moving average of $16.23. First Advantage Co. has a 12 month low of $12.32 and a 12 month high of $20.79.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.The firm’s revenue for the quarter was up 111.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. As a group, sell-side analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on FA. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research note on Thursday, August 21st. Zacks Research downgraded First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.00.

Insider Activity at First Advantage

In related news, President Joelle M. Smith sold 9,900 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 approximately $670,813.90. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.90% of the company’s stock.

First Advantage 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.