Sterling Check Corp. (NASDAQ:STER) Insider Sells $13,371.33 in Stock

Sterling Check Corp. (NASDAQ:STERGet Free Report) insider Lou Paglia sold 861 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $15.53, for a total value of $13,371.33. Following the transaction, the insider now directly owns 618,331 shares in the company, valued at approximately $9,602,680.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Sterling Check Stock Down 0.9 %

STER stock opened at $15.20 on Friday. The firm has a 50 day moving average of $15.39 and a 200-day moving average of $14.55. Sterling Check Corp. has a 12 month low of $10.00 and a 12 month high of $16.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.54 and a current ratio of 1.54.

Sterling Check (NASDAQ:STERGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $186.00 million during the quarter, compared to the consensus estimate of $178.95 million. Sterling Check had a negative net margin of 1.19% and a positive return on equity of 8.47%. Equities analysts expect that Sterling Check Corp. will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Sterling Check

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STER. Wellington Management Group LLP boosted its position in shares of Sterling Check by 11.5% during the 3rd quarter. Wellington Management Group LLP now owns 9,117,397 shares of the company’s stock valued at $115,062,000 after acquiring an additional 943,308 shares during the last quarter. Vanguard Group Inc. lifted its position in Sterling Check by 13.6% during the third quarter. Vanguard Group Inc. now owns 2,979,401 shares of the company’s stock valued at $37,600,000 after purchasing an additional 356,649 shares during the last quarter. Magnetar Financial LLC purchased a new position in Sterling Check in the 1st quarter worth approximately $18,939,000. Sunriver Management LLC increased its holdings in shares of Sterling Check by 23.4% in the 4th quarter. Sunriver Management LLC now owns 1,107,704 shares of the company’s stock worth $15,419,000 after buying an additional 209,823 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Sterling Check by 0.9% during the 4th quarter. Clearbridge Investments LLC now owns 812,681 shares of the company’s stock valued at $11,313,000 after buying an additional 7,307 shares in the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STER has been the topic of a number of research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $17.00 price objective on shares of Sterling Check in a research note on Friday, March 1st. William Blair cut shares of Sterling Check from an “outperform” rating to a “market perform” rating in a research note on Friday, March 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $16.50 price objective (up from $14.00) on shares of Sterling Check in a research note on Thursday, March 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.30.

Check Out Our Latest Analysis on STER

About Sterling Check

(Get Free Report)

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.

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