Wellington Management Group LLP Takes $71.70 Million Position in First Advantage Co. (NYSE:FA)

Wellington Management Group LLP purchased a new stake in shares of First Advantage Co. (NYSE:FA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,827,801 shares of the company's stock, valued at approximately $71,695,000. Wellington Management Group LLP owned 2.21% of First Advantage as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its holdings in shares of First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after acquiring an additional 832 shares during the period. BNP Paribas Financial Markets acquired a new stake in First Advantage in the fourth quarter worth about $132,000. Two Sigma Securities LLC acquired a new stake in First Advantage in the fourth quarter worth about $188,000. Tower Research Capital LLC TRC lifted its holdings in First Advantage by 1,219.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company's stock worth $198,000 after purchasing an additional 9,755 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new stake in First Advantage in the fourth quarter worth about $210,000. Institutional investors and hedge funds own 94.91% of the company's stock.

First Advantage Price Performance

First Advantage stock traded up $0.33 during midday trading on Monday, hitting $17.45. The company's stock had a trading volume of 1,418,472 shares, compared to its average volume of 840,702. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock's 50-day moving average price is $15.37 and its 200-day moving average price is $16.92. First Advantage Co. has a 12 month low of $12.32 and a 12 month high of $20.79. The company has a market capitalization of $3.03 billion, a PE ratio of 581.67 and a beta of 1.20.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $0.17 EPS. The company's revenue for the quarter was up 109.3% compared to the same quarter last year. Analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FA shares. Barclays upped their price objective on shares of First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Monday. Royal Bank of Canada downgraded shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective for the company. in a report on Friday, May 9th. Finally, BMO Capital Markets reduced their price objective on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $66.00.

First Advantage Company Profile

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.