Fred Alger Management LLC Has $22.46 Million Stake in First Advantage Co. $FA

Fred Alger Management LLC decreased its stake in shares of First Advantage Co. (NYSE:FA) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,545,640 shares of the company’s stock after selling 201,083 shares during the quarter. Fred Alger Management LLC’s holdings in First Advantage were worth $22,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FA. Alliancebernstein L.P. grew its position in shares of First Advantage by 724.5% during the 2nd quarter. Alliancebernstein L.P. now owns 5,256,511 shares of the company’s stock worth $87,311,000 after buying an additional 4,618,946 shares during the period. Capital World Investors grew its position in shares of First Advantage by 9.4% during the 4th quarter. Capital World Investors now owns 9,098,714 shares of the company’s stock worth $132,204,000 after buying an additional 780,200 shares during the period. SG Americas Securities LLC grew its position in shares of First Advantage by 8,338.6% during the 4th quarter. SG Americas Securities LLC now owns 777,275 shares of the company’s stock worth $11,294,000 after buying an additional 768,064 shares during the period. Sunriver Management LLC grew its position in shares of First Advantage by 46.1% during the 3rd quarter. Sunriver Management LLC now owns 2,350,614 shares of the company’s stock worth $36,176,000 after buying an additional 741,913 shares during the period. Finally, Cat Rock Capital Management LP grew its position in shares of First Advantage by 29.7% during the 3rd quarter. Cat Rock Capital Management LP now owns 3,068,369 shares of the company’s stock worth $47,222,000 after buying an additional 702,452 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Price Performance

Shares of FA opened at $16.71 on Wednesday. First Advantage Co. has a 12-month low of $8.82 and a 12-month high of $18.55. The business’s fifty day moving average is $14.27 and its 200 day moving average is $13.35. 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 stock has a market cap of $2.87 billion, a P/E ratio of 557.00 and a beta of 1.20.

First Advantage (NYSE:FA) last issued its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same period in the previous year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. First Advantage has set its FY 2026 guidance at 1.150-1.250 EPS. Sell-side analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President Joelle M. Smith sold 23,334 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $15.00, for a total value of $350,010.00. Following the transaction, the president directly owned 19,393 shares in the company, valued at $290,895. This trade represents a 54.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Lindsey Clark sold 4,921 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $15.69, for a total value of $77,210.49. Following the completion of the transaction, the director owned 56,844 shares in the company, valued at approximately $891,882.36. This represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FA has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of First Advantage from $15.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Citigroup raised their price objective on shares of First Advantage from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Barclays raised their price objective on shares of First Advantage from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $18.00 price objective on shares of First Advantage in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.50.

First Advantage Profile

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.