Lynwood Price Capital Management LP Purchases 33,000 Shares of First Advantage Co. (NYSE:FA)

Key Points

• Lynwood Price Capital Management LP increased its holdings in First Advantage Co. by 9.7%, now owning 373,980 shares worth approximately $5.27 million, making it the firm's 13th largest holding.
• First Advantage reported a 109.3% revenue increase year-over-year and an EPS of $0.17 for the last quarter, exceeding analysts' estimates of $0.13.
• Currently, institutional investors own nearly 95% of First Advantage's stock, with several hedge funds notably increasing their stakes in the first quarter of this year.

Lynwood Price Capital Management LP increased its stake in First Advantage Co. (NYSE:FA - Free Report) by 9.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 373,980 shares of the company's stock after purchasing an additional 33,000 shares during the quarter. First Advantage accounts for 3.0% of Lynwood Price Capital Management LP's portfolio, making the stock its 13th largest position. Lynwood Price Capital Management LP owned about 0.22% of First Advantage worth $5,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of First Advantage during the 1st quarter valued at $256,000. TD Asset Management Inc bought a new stake in shares of First Advantage during the 1st quarter valued at $187,000. BloombergSen Inc. raised its position in shares of First Advantage by 64.6% during the 1st quarter. BloombergSen Inc. now owns 67,696 shares of the company's stock valued at $954,000 after purchasing an additional 26,578 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of First Advantage during the 1st quarter valued at $627,000. Finally, Signaturefd LLC bought a new stake in shares of First Advantage during the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 94.91% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank Of Canada downgraded shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target on the stock. in a report on Friday, May 9th. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Finally, Barclays lifted their price target on shares of First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.25.

First Advantage Price Performance

Shares of First Advantage stock traded down $1.02 during trading hours on Tuesday, reaching $15.72. The company's stock had a trading volume of 442,642 shares, compared to its average volume of 1,068,429. The firm has a 50 day moving average price of $17.44 and a 200-day moving average price of $16.51. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The stock has a market cap of $2.73 billion, a P/E ratio of 526.20 and a beta of 1.24.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The business's quarterly revenue was up 109.3% compared to the same quarter last year. On average, analysts predict that First Advantage Co. will post 0.74 EPS for the current year.

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.