Dimensional Fund Advisors LP Acquires 756,099 Shares of First Advantage Co. (NYSE:FA)

Dimensional Fund Advisors LP raised its holdings in First Advantage Co. (NYSE:FA - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,037,328 shares of the company's stock after buying an additional 756,099 shares during the quarter. Dimensional Fund Advisors LP owned about 2.34% of First Advantage worth $75,618,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FA. Wellington Management Group LLP purchased a new position in First Advantage during the fourth quarter valued at $71,695,000. American Century Companies Inc. raised its position in shares of First Advantage by 337.3% in the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock worth $67,129,000 after purchasing an additional 2,764,534 shares during the last quarter. FMR LLC boosted its stake in First Advantage by 49.1% in the 4th quarter. FMR LLC now owns 8,350,192 shares of the company's stock worth $156,399,000 after purchasing an additional 2,750,166 shares in the last quarter. Vanguard Group Inc. grew its position in First Advantage by 48.0% during the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock valued at $139,076,000 after purchasing an additional 2,409,233 shares during the last quarter. Finally, Cortland Associates Inc. MO bought a new stake in First Advantage during the 4th quarter valued at about $24,328,000. 94.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FA shares. Barclays reiterated an "equal weight" rating and issued a $15.00 target price (down previously from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. BMO Capital Markets reduced their target price on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $65.80.

First Advantage Stock Performance

Shares of NYSE FA traded down $0.08 during midday trading on Tuesday, hitting $14.75. 77,548 shares of the stock traded hands, compared to its average volume of 771,886. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. The firm has a market capitalization of $2.56 billion, a P/E ratio of 493.00 and a beta of 1.20. The firm has a 50-day moving average of $13.93 and a two-hundred day moving average of $17.04.

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.