Sterling Check Corp. (NASDAQ:STER) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in Sterling Check Corp. (NASDAQ:STER) by 58.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 226,940 shares of the company’s stock after acquiring an additional 84,149 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.23% of Sterling Check worth $3,359,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in Sterling Check by 6.5% in the 4th quarter. Swiss National Bank now owns 56,961 shares of the company’s stock valued at $793,000 after buying an additional 3,500 shares in the last quarter. Quest Partners LLC acquired a new position in Sterling Check in the 4th quarter valued at $54,000. Sunriver Management LLC lifted its holdings in Sterling Check by 23.4% in the 4th quarter. Sunriver Management LLC now owns 1,107,704 shares of the company’s stock valued at $15,419,000 after purchasing an additional 209,823 shares in the last quarter. Natixis purchased a new stake in shares of Sterling Check during the first quarter worth $1,006,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Sterling Check in the first quarter valued at about $1,475,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sterling Check

In related news, insider Lou Paglia sold 17,526 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $15.19, for a total value of $266,219.94. Following the completion of the sale, the insider now owns 618,331 shares of the company’s stock, valued at $9,392,447.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.90% of the company’s stock.

Sterling Check Stock Performance

NASDAQ:STER opened at $16.87 on Monday. Sterling Check Corp. has a twelve month low of $10.00 and a twelve month high of $17.05. The company has a market cap of $1.65 billion, a P/E ratio of -168.70 and a beta of 0.48. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $15.93 and its 200-day moving average price is $15.59.

Sterling Check (NASDAQ:STER) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) 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 company had revenue of $200.50 million during the quarter, compared to analysts’ expectations of $199.81 million. During the same quarter last year, the company earned $0.28 earnings per share. Sterling Check’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Sterling Check Corp. will post 0.62 earnings per share for the current fiscal year.

Sterling Check Company Profile

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.