Marshall Wace LLP Invests $209,000 in First Advantage Co. (NYSE:FA)

Marshall Wace LLP acquired a new position in First Advantage Co. (NYSE:FA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,000 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently made changes to their positions in the business. Capital Research Global Investors grew its stake in shares of First Advantage by 9.4% in the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after buying an additional 496,898 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 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 buying an additional 254,219 shares during the period. Boston Partners grew its stake in shares of First Advantage by 155.3% in the 1st quarter. Boston Partners now owns 1,713,935 shares of the company’s stock valued at $27,841,000 after buying an additional 1,042,473 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of First Advantage by 0.8% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 607,972 shares of the company’s stock valued at $9,770,000 after buying an additional 4,950 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of First Advantage by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company’s stock valued at $4,150,000 after buying an additional 2,326 shares during the period. 94.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FA shares. Citigroup raised their target price on First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Finally, Truist Financial cut their price target on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, First Advantage presently has an average rating of “Moderate Buy” and a consensus price target of $77.25.

First Advantage Price Performance

FA stock opened at $19.76 on Friday. The company has a market capitalization of $2.87 billion, a P/E ratio of 89.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. First Advantage Co. has a 52-week low of $12.46 and a 52-week high of $20.07. The business has a 50-day simple moving average of $18.86 and a two-hundred day simple moving average of $17.13.

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

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.