Lynwood Price Capital Management LP Takes $6.39 Million Position in First Advantage Co. (NYSE:FA)

Lynwood Price Capital Management LP bought a new position in shares of First Advantage Co. (NYSE:FA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 340,980 shares of the company's stock, valued at approximately $6,387,000. First Advantage makes up about 4.4% of Lynwood Price Capital Management LP's holdings, making the stock its 11th largest holding. Lynwood Price Capital Management LP owned about 0.20% of First Advantage as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Corebridge Financial Inc. boosted its position in First Advantage by 9.6% during the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock worth $558,000 after acquiring an additional 2,607 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of First Advantage by 17.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock worth $368,000 after purchasing an additional 2,938 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of First Advantage by 7.2% during the fourth quarter. Alliancebernstein L.P. now owns 59,600 shares of the company's stock worth $1,116,000 after purchasing an additional 4,000 shares during the period. Rhumbline Advisers grew its position in First Advantage by 6.9% during the fourth quarter. Rhumbline Advisers now owns 78,696 shares of the company's stock valued at $1,474,000 after purchasing an additional 5,104 shares in the last quarter. Finally, Truist Financial Corp increased its stake in First Advantage by 37.4% in the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company's stock valued at $358,000 after buying an additional 5,197 shares during the period. Institutional investors own 94.91% of the company's stock.

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First Advantage Stock Performance

First Advantage stock traded down $0.27 during trading hours on Monday, reaching $13.35. 1,968,092 shares of the company were exchanged, compared to its average volume of 714,686. First Advantage Co. has a 12 month low of $12.32 and a 12 month high of $20.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $16.28 and a 200 day moving average of $17.96. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 445.00 and a beta of 1.20.

Analysts Set New Price Targets

A number of brokerages have commented on FA. BMO Capital Markets lowered their target price on First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. William Blair restated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. Finally, Barclays dropped their price target on shares of First Advantage from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $66.80.

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.