Emerald Mutual Fund Advisers Trust Has $13.38 Million Stock Position in First Advantage Co. (NYSE:FA)

Emerald Mutual Fund Advisers Trust decreased its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 714,147 shares of the company's stock after selling 264,835 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.41% of First Advantage worth $13,376,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FA. Northern Trust Corp grew its holdings in First Advantage by 32.8% during the 4th quarter. Northern Trust Corp now owns 565,327 shares of the company's stock valued at $10,589,000 after buying an additional 139,536 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of First Advantage by 16.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 37,054 shares of the company's stock worth $694,000 after buying an additional 5,208 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of First Advantage in the 4th quarter worth $188,000. Voya Investment Management LLC grew its position in First Advantage by 10.0% during the fourth quarter. Voya Investment Management LLC now owns 141,144 shares of the company's stock valued at $2,644,000 after acquiring an additional 12,774 shares during the period. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in First Advantage during the fourth quarter worth about $16,970,000. Institutional investors and hedge funds own 94.91% of the company's stock.

Analyst Upgrades and Downgrades

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

First Advantage Price Performance

FA traded up $0.52 during trading on Friday, reaching $14.98. The stock had a trading volume of 837,606 shares, compared to its average volume of 772,491. The stock has a 50 day moving average of $14.09 and a two-hundred day moving average of $17.15. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 499.33 and a beta of 1.20. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

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.