SG Americas Securities LLC Makes New $218,000 Investment in Sterling Check Corp. (NASDAQ:STER)

SG Americas Securities LLC bought a new position in shares of Sterling Check Corp. (NASDAQ:STER) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,049 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alpine Associates Management Inc. grew its position in Sterling Check by 24.5% during the second quarter. Alpine Associates Management Inc. now owns 2,477,920 shares of the company’s stock worth $36,673,000 after buying an additional 487,600 shares during the period. Magnetar Financial LLC grew its position in Sterling Check by 38.3% during the second quarter. Magnetar Financial LLC now owns 1,628,611 shares of the company’s stock worth $24,103,000 after buying an additional 450,833 shares during the period. Swedbank AB acquired a new position in Sterling Check during the first quarter worth about $9,648,000. Gabelli Funds LLC grew its position in Sterling Check by 176.2% during the second quarter. Gabelli Funds LLC now owns 253,397 shares of the company’s stock worth $3,750,000 after buying an additional 161,668 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Sterling Check by 58.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 226,940 shares of the company’s stock valued at $3,359,000 after purchasing an additional 84,149 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Sterling Check Trading Up 3.0 %

Shares of STER opened at $17.66 on Wednesday. The company has a market capitalization of $1.73 billion, a P/E ratio of -103.88 and a beta of 0.49. Sterling Check Corp. has a one year low of $10.00 and a one year high of $18.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a 50-day moving average price of $16.49 and a 200 day moving average price of $15.72.

Sterling Check (NASDAQ:STER) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The business had revenue of $200.50 million during the quarter, compared to analysts’ expectations of $199.81 million. Sterling Check had a negative net margin of 2.07% and a positive return on equity of 7.73%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. Sell-side analysts forecast that Sterling Check Corp. will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup increased their price target on shares of Sterling Check from $16.20 to $17.50 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.20.

Insider Buying and Selling at Sterling Check

In other news, major shareholder Melanie Laird sold 22,278 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $16.96, for a total transaction of $377,834.88. Following the sale, the insider now directly owns 11,049,576 shares in the company, valued at approximately $187,400,808.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.90% of the stock is currently owned by insiders.

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.