Mutual of America Capital Management LLC Lowers Position in First Advantage Co. $FA

Key Points

• Mutual of America Capital Management LLC reduced its stake in First Advantage Co. by 2.9%, maintaining ownership of approximately 1,103,593 shares worth $18.3 million.
• In recent months, several institutional investors have increased their positions, including GAMMA Investing LLC, which increased its stake by 748.5%.
• First Advantage Co. reported earnings per share of $0.27 for the last quarter, exceeding estimates, with a significant revenue increase of 111.7% year-over-year.

Mutual of America Capital Management LLC cut its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,103,593 shares of the company's stock after selling 33,400 shares during the period. Mutual of America Capital Management LLC owned about 0.64% of First Advantage worth $18,331,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC purchased a new stake in shares of First Advantage in the first quarter valued at about $30,000. Cornerstone Planning Group LLC bought a new stake in First Advantage in the 1st quarter worth about $63,000. GAMMA Investing LLC increased its stake in First Advantage by 748.5% in the 1st quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock valued at $97,000 after buying an additional 6,078 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of First Advantage by 2,967.1% during the 1st quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company's stock worth $130,000 after buying an additional 8,931 shares in the last quarter. Finally, TD Asset Management Inc purchased a new position in shares of First Advantage in the 1st quarter worth approximately $187,000. Institutional investors own 94.91% of the company's stock.

First Advantage Stock Performance

NYSE:FA opened at $14.01 on Friday. The company has a market capitalization of $2.44 billion, a P/E ratio of 467.00 and a beta of 1.21. The business has a fifty day simple moving average of $15.66 and a two-hundred day simple moving average of $16.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79.

First Advantage (NYSE:FA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.21 earnings per share. First Advantage'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. On average, analysts expect that First Advantage Co. will post 0.74 earnings per share for the current year.

Insider Activity

In other news, President Joelle M. Smith sold 9,900 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 $670,813.90. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on FA. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a report on Thursday, August 21st. Zacks Research cut First Advantage from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, First Advantage currently has a consensus rating of "Hold" and a consensus target price 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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