Bamco Inc. NY Invests $63.21 Million in First Advantage Co. $FA

Bamco Inc. NY purchased a new position in shares of First Advantage Co. (NYSE:FA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,502,140 shares of the company's stock, valued at approximately $63,214,000. Bamco Inc. NY owned about 2.04% of First Advantage at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of First Advantage by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,954,320 shares of the company's stock valued at $202,757,000 after acquiring an additional 572,580 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of First Advantage during the second quarter worth $217,748,000. Capital World Investors increased its holdings in First Advantage by 9.4% in the fourth quarter. Capital World Investors now owns 9,098,714 shares of the company's stock valued at $132,204,000 after purchasing an additional 780,200 shares during the last quarter. Alliancebernstein L.P. increased its holdings in First Advantage by 18.4% in the third quarter. Alliancebernstein L.P. now owns 6,225,825 shares of the company's stock valued at $95,815,000 after purchasing an additional 969,314 shares during the last quarter. Finally, Cat Rock Capital Management LP lifted its stake in First Advantage by 8.9% in the fourth quarter. Cat Rock Capital Management LP now owns 3,342,818 shares of the company's stock valued at $48,571,000 after buying an additional 274,449 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FA has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of First Advantage from $15.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, May 8th. Royal Bank Of Canada upped their target price on shares of First Advantage from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, August 7th. Needham & Company LLC upgraded shares of First Advantage from a "hold" rating to a "buy" rating and set a $28.00 target price on the stock in a report on Thursday, August 6th. Citigroup lifted their price target on shares of First Advantage from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, August 17th. Finally, Zacks Research raised shares of First Advantage from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.33.

First Advantage Stock Performance

Shares of FA opened at $20.52 on Thursday. 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 twelve month low of $8.82 and a twelve month high of $25.15. The firm's 50 day moving average price is $20.17 and its two-hundred day moving average price is $15.39. The firm has a market cap of $3.52 billion, a P/E ratio of 684.00 and a beta of 1.16.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. First Advantage's revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. First Advantage has set its FY 2026 guidance at 1.23-1.290 EPS. On average, analysts forecast that First Advantage Co. will post 0.74 EPS for the current fiscal year.

Insider Activity

In other news, Director James Lindsey Clark sold 4,921 shares of the company's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $15.69, for a total transaction of $77,210.49. Following the completion of the transaction, the director directly owned 56,844 shares of the company's stock, valued at $891,882.36. This represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.40% of the stock is owned by corporate insiders.

First Advantage Profile

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company's core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.

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