Mutual of America Capital Management LLC Reduces Stake in First Advantage Co. $FA

Mutual of America Capital Management LLC lowered its stake in First Advantage Co. (NYSE:FA) by 2.9% in the 2nd quarter, Holdings Channel reports. The firm owned 1,103,593 shares of the company’s stock after selling 33,400 shares during the quarter. Mutual of America Capital Management LLC’s holdings in First Advantage were worth $18,331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC bought a new position in shares of First Advantage in the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC purchased a new stake in First Advantage in the 1st quarter worth approximately $63,000. GAMMA Investing LLC boosted its holdings in First Advantage by 748.5% in the 1st quarter. GAMMA Investing LLC now owns 6,890 shares of the company’s stock valued at $97,000 after purchasing an additional 6,078 shares during the period. Russell Investments Group Ltd. grew its position in shares of First Advantage by 2,967.1% during the 1st quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company’s stock valued at $130,000 after purchasing an additional 8,931 shares in the last quarter. Finally, TD Asset Management Inc bought a new position in shares of First Advantage in the first quarter worth $187,000. 94.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FA shares. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Zacks Research downgraded First Advantage from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.00.

Insider Activity at First Advantage

In other news, President Joelle M. Smith sold 9,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total value of $155,430.00. Following the completion of the sale, the president directly owned 42,727 shares in the company, valued at approximately $670,813.90. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.90% of the company’s stock.

First Advantage Trading Down 0.4%

NYSE FA opened at $14.01 on Friday. 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’s 50-day simple moving average is $15.66 and its two-hundred day simple moving average is $16.20. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 467.00 and a beta of 1.21.

First Advantage (NYSE:FA) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.First Advantage’s quarterly revenue was up 111.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Research analysts forecast that First Advantage Co. will post 0.74 EPS for the current fiscal year.

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.