First Advantage Co. (NYSE:FA) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 714,147 shares of the company's stock after selling 264,835 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.41% of First Advantage worth $13,376,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Summit Investment Advisors Inc. grew its stake in shares of First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after acquiring an additional 832 shares in the last quarter. Advisory Research Inc. grew its stake in First Advantage by 0.6% during the 4th quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock valued at $3,979,000 after purchasing an additional 1,216 shares in the last quarter. Corebridge Financial Inc. increased its holdings in First Advantage by 9.6% during the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock worth $558,000 after purchasing an additional 2,607 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of First Advantage by 17.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after purchasing an additional 2,938 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of First Advantage by 7.2% during the 4th quarter. Alliancebernstein L.P. now owns 59,600 shares of the company's stock valued at $1,116,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

First Advantage Stock Performance

Shares of FA traded up $0.52 during midday trading on Friday, hitting $14.98. 837,606 shares of the stock traded hands, compared to its average volume of 774,018. 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 1-year low of $12.32 and a 1-year high of $20.79. The business's 50 day moving average price is $14.01 and its two-hundred day moving average price is $17.08. The firm has a market capitalization of $2.60 billion, a PE ratio of 499.33 and a beta of 1.20.

Analyst Upgrades and Downgrades

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

About First Advantage

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.