CenterBook Partners LP Purchases 241,427 Shares of First Advantage Co. $FA

CenterBook Partners LP boosted its position in First Advantage Co. (NYSE:FA) by 155.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 396,701 shares of the company’s stock after purchasing an additional 241,427 shares during the period. CenterBook Partners LP owned about 0.23% of First Advantage worth $6,105,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FA. Caitong International Asset Management Co. Ltd grew its holdings in shares of First Advantage by 1,208.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock valued at $39,000 after acquiring an additional 2,187 shares in the last quarter. Quantbot Technologies LP purchased a new position in First Advantage in the second quarter worth $81,000. Parkside Financial Bank & Trust grew its stake in First Advantage by 22.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,164 shares of the company’s stock valued at $119,000 after purchasing an additional 1,328 shares during the period. BNP Paribas Financial Markets increased its position in shares of First Advantage by 105.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,166 shares of the company’s stock valued at $119,000 after purchasing an additional 3,682 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of First Advantage by 503.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,932 shares of the company’s stock worth $132,000 after purchasing an additional 6,617 shares during the period. Institutional investors own 94.91% of the company’s stock.

First Advantage Price Performance

NYSE FA opened at $9.75 on Wednesday. The company has a market cap of $1.70 billion, a PE ratio of 325.00 and a beta of 1.17. First Advantage Co. has a 52 week low of $9.23 and a 52 week high of $19.92. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $13.92 and its two-hundred day simple moving average is $14.52.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Zacks Research cut shares of First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.25.

About First Advantage

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.