BloombergSen Inc. Increases Stock Position in First Advantage Co. $FA

Key Points

• BloombergSen Inc. significantly increased its stake in First Advantage Co. by 96.3%, acquiring a total of 132,888 shares, which constitutes about 0.1% of its holdings.
• Other institutional investors, including Truist Financial Corp and Voya Investment Management LLC, also increased their positions in First Advantage, indicating strong institutional interest in the company.
• First Advantage reported a $0.27 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and showing a 111.7% revenue growth compared to the previous year.

BloombergSen Inc. raised its holdings in First Advantage Co. (NYSE:FA - Free Report) by 96.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,888 shares of the company's stock after purchasing an additional 65,192 shares during the quarter. First Advantage accounts for about 0.1% of BloombergSen Inc.'s holdings, making the stock its 23rd biggest position. BloombergSen Inc. owned approximately 0.08% of First Advantage worth $2,207,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Truist Financial Corp boosted its holdings in First Advantage by 68.9% in the 2nd quarter. Truist Financial Corp now owns 24,172 shares of the company's stock valued at $401,000 after purchasing an additional 9,863 shares in the last quarter. Voya Investment Management LLC boosted its holdings in First Advantage by 23.6% in the 1st quarter. Voya Investment Management LLC now owns 174,483 shares of the company's stock valued at $2,458,000 after purchasing an additional 33,339 shares in the last quarter. Rhumbline Advisers boosted its holdings in First Advantage by 10.8% in the 1st quarter. Rhumbline Advisers now owns 87,194 shares of the company's stock valued at $1,229,000 after purchasing an additional 8,498 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in First Advantage by 7.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company's stock valued at $3,371,000 after purchasing an additional 16,664 shares in the last quarter. Finally, Fred Alger Management LLC boosted its holdings in First Advantage by 10.4% in the 1st quarter. Fred Alger Management LLC now owns 1,289,173 shares of the company's stock valued at $18,164,000 after purchasing an additional 121,687 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company's stock.

Insider Transactions at First Advantage

In related news, President Joelle M. Smith sold 9,900 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $15.70, for a total value of $155,430.00. Following the sale, the president owned 42,727 shares of the company's stock, valued at approximately $670,813.90. This represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.90% of the company's stock.

First Advantage Price Performance

FA stock opened at $15.46 on Thursday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 12-month low of $12.32 and a 12-month high of $20.79. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 515.33 and a beta of 1.23. The firm has a 50 day moving average of $16.29 and a 200-day moving average of $16.12.

First Advantage (NYSE:FA - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same period last year, the company posted $0.21 EPS. The company's quarterly revenue was up 111.7% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. As a group, equities analysts expect that First Advantage Co. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research raised First Advantage from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.00.

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.

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