Lynwood Price Capital Management LP Has $5.27 Million Stock Holdings in 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 the company in its most recent 13F filing 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 period. 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 approximately 0.22% of First Advantage worth $5,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC bought a new stake in shares of First Advantage in the 1st quarter worth $30,000. Cornerstone Planning Group LLC bought a new stake in shares of First Advantage in the 1st quarter worth $63,000. GAMMA Investing LLC raised its stake in shares of First Advantage by 748.5% in the 1st quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock worth $97,000 after buying an additional 6,078 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of First Advantage by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after buying an additional 832 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of First Advantage in the 4th quarter worth $132,000. Institutional investors own 94.91% of the company's stock.

Wall Street Analysts Forecast Growth

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

First Advantage Stock Down 4.7%

Shares of FA stock traded down $0.82 on Friday, reaching $16.47. 653,936 shares of the company's stock traded hands, compared to its average volume of 1,075,146. First Advantage Co. has a 12-month low of $12.32 and a 12-month high of $20.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The company has a market capitalization of $2.86 billion, a P/E ratio of 549.00 and a beta of 1.24. The business's 50 day moving average price is $17.45 and its two-hundred day moving average price is $16.54.

First Advantage (NYSE:FA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. During the same period in the prior year, the company earned $0.17 EPS. The firm's quarterly revenue was up 109.3% on a year-over-year basis. On average, equities analysts forecast that First Advantage Co. will post 0.74 earnings per share 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.