Diamond Hill Capital Management Inc. Has $57.09 Million Position in First Advantage Co. (NYSE:FA)

Diamond Hill Capital Management Inc. trimmed its position in First Advantage Co. (NYSE:FA - Free Report) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,875,941 shares of the company's stock after selling 162,830 shares during the period. Diamond Hill Capital Management Inc. owned approximately 1.98% of First Advantage worth $57,087,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Boston Partners raised its holdings in First Advantage by 155.3% during the first quarter. Boston Partners now owns 1,713,935 shares of the company's stock worth $27,841,000 after acquiring an additional 1,042,473 shares in the last quarter. Fred Alger Management LLC bought a new stake in First Advantage during the second quarter worth about $12,906,000. Capital Research Global Investors raised its holdings in First Advantage by 9.4% during the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company's stock worth $93,711,000 after acquiring an additional 496,898 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in First Advantage by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company's stock worth $50,314,000 after acquiring an additional 254,219 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in First Advantage during the third quarter worth about $676,000. 94.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FA. Wolfe Research lowered First Advantage from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Truist Financial dropped their price objective on First Advantage from $250.00 to $249.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Finally, Citigroup upped their price objective on First Advantage from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $77.25.

First Advantage Stock Performance

Shares of First Advantage stock traded up $0.10 on Monday, hitting $18.58. The stock had a trading volume of 255,250 shares, compared to its average volume of 490,987. First Advantage Co. has a twelve month low of $13.38 and a twelve month high of $20.75. The business's 50 day moving average is $19.17 and its two-hundred day moving average is $17.58. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 115.81 and a beta of 1.18.

First Advantage (NYSE:FA - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The company had revenue of $184.55 million for the quarter, compared to the consensus estimate of $184.66 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm's revenue for the quarter was down .4% on a year-over-year basis. Analysts forecast that First Advantage Co. will post 0.82 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.