Emerald Mutual Fund Advisers Trust Has $13.38 Million Stake in First Advantage Co. (NYSE:FA)

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of First Advantage Co. (NYSE:FA) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 714,147 shares of the company’s stock after selling 264,835 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.41% of First Advantage worth $13,376,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FA. Barclays PLC boosted its holdings in First Advantage by 57.3% during the third quarter. Barclays PLC now owns 81,669 shares of the company’s stock valued at $1,621,000 after acquiring an additional 29,752 shares during the period. Brighton Jones LLC bought a new stake in shares of First Advantage in the fourth quarter valued at about $257,000. Cortland Associates Inc. MO acquired a new stake in shares of First Advantage during the 4th quarter worth approximately $24,328,000. Jennison Associates LLC boosted its stake in First Advantage by 29.5% during the fourth quarter. Jennison Associates LLC now owns 432,387 shares of the company’s stock worth $8,099,000 after buying an additional 98,500 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in First Advantage by 6.9% in the fourth quarter. Rhumbline Advisers now owns 78,696 shares of the company’s stock valued at $1,474,000 after acquiring an additional 5,104 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Stock Up 0.4 %

Shares of NYSE FA opened at $14.11 on Tuesday. 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 firm has a market capitalization of $2.45 billion, a PE ratio of 470.33 and a beta of 1.20. The firm’s 50-day moving average is $14.33 and its 200-day moving average is $17.23. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79.

Wall Street Analyst Weigh In

A number of research firms have commented on FA. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. BMO Capital Markets reduced their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Barclays restated an “equal weight” rating and issued a $15.00 price objective (down previously from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. Finally, William Blair reiterated an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.80.

First Advantage 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.