Diamond Hill Capital Management Inc. Decreases Stock Holdings in First Advantage Co. (NYSE:FA)

Diamond Hill Capital Management Inc. reduced its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,454,510 shares of the company's stock after selling 421,431 shares during the period. Diamond Hill Capital Management Inc. owned approximately 1.42% of First Advantage worth $45,973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FA. Victory Capital Management Inc. grew its position in shares of First Advantage by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 39,510 shares of the company's stock valued at $784,000 after purchasing an additional 3,249 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of First Advantage by 27.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company's stock worth $331,000 after acquiring an additional 3,561 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of First Advantage during the 3rd quarter worth $298,000. LMR Partners LLP lifted its holdings in shares of First Advantage by 104.3% during the 3rd quarter. LMR Partners LLP now owns 26,246 shares of the company's stock worth $521,000 after acquiring an additional 13,400 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of First Advantage during the 3rd quarter worth $6,628,000. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Barclays dropped their price objective on shares of First Advantage from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Finally, BMO Capital Markets lowered their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.67.

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First Advantage Trading Up 0.4 %

First Advantage stock traded up $0.05 during mid-day trading on Tuesday, hitting $13.45. The company's stock had a trading volume of 1,205,751 shares, compared to its average volume of 647,861. The business has a 50 day moving average price of $17.40 and a 200-day moving average price of $18.47. First Advantage Co. has a 12 month low of $12.55 and a 12 month high of $20.79. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 448.33 and a beta of 1.21. 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 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.