Emerald Mutual Fund Advisers Trust Has $11.89 Million Holdings in First Advantage Co. $FA

Emerald Mutual Fund Advisers Trust trimmed its position in First Advantage Co. (NYSE:FA) by 7.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 772,716 shares of the company’s stock after selling 63,201 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in First Advantage were worth $11,892,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

FA has been the subject of several recent research reports. Zacks Research cut shares of First Advantage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. lowered their target price on First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.25.

First Advantage Price Performance

Shares of NYSE FA opened at $14.79 on Friday. The company has a market capitalization of $2.58 billion, a PE ratio of 493.00 and a beta of 1.18. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a twelve month low of $11.95 and a twelve month high of $20.27. The firm has a fifty day simple moving average of $14.42 and a 200 day simple moving average of $15.25.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same quarter in the prior year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 105.5% on a year-over-year basis. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. On average, sell-side analysts forecast that First Advantage Co. will post 0.74 EPS for the current year.

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.