Sterling Check Corp. (NASDAQ:STER) Shares Sold by Progeny 3 Inc.

Progeny 3 Inc. lowered its position in shares of Sterling Check Corp. (NASDAQ:STER) by 14.2% during the second quarter, Holdings Channel reports. The firm owned 3,222,912 shares of the company’s stock after selling 533,008 shares during the quarter. Sterling Check makes up about 4.6% of Progeny 3 Inc.’s portfolio, making the stock its 8th largest holding. Progeny 3 Inc.’s holdings in Sterling Check were worth $47,699,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in STER. Magnetar Financial LLC purchased a new position in Sterling Check during the 1st quarter worth approximately $18,939,000. Swedbank AB acquired a new stake in shares of Sterling Check in the first quarter valued at approximately $9,648,000. Alpine Associates Management Inc. grew its position in shares of Sterling Check by 24.5% during the second quarter. Alpine Associates Management Inc. now owns 2,477,920 shares of the company’s stock worth $36,673,000 after acquiring an additional 487,600 shares during the last quarter. Sunriver Management LLC increased its holdings in shares of Sterling Check by 23.4% in the 4th quarter. Sunriver Management LLC now owns 1,107,704 shares of the company’s stock valued at $15,419,000 after acquiring an additional 209,823 shares during the period. Finally, Gabelli Funds LLC raised its position in Sterling Check by 176.2% in the 2nd quarter. Gabelli Funds LLC now owns 253,397 shares of the company’s stock valued at $3,750,000 after purchasing an additional 161,668 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup raised their price objective on shares of Sterling Check from $16.20 to $17.50 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Sterling Check currently has a consensus rating of “Hold” and an average target price of $16.20.

Sterling Check Trading Up 0.2 %

Shares of STER stock opened at $16.67 on Monday. Sterling Check Corp. has a twelve month low of $10.00 and a twelve month high of $17.05. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $16.05 and its two-hundred day moving average is $15.62. The company has a market capitalization of $1.63 billion, a P/E ratio of -166.70 and a beta of 0.48.

Sterling Check (NASDAQ:STER) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.04). The firm had revenue of $200.50 million during the quarter, compared to analyst estimates of $199.81 million. Sterling Check had a negative net margin of 2.07% and a positive return on equity of 7.73%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. Equities analysts forecast that Sterling Check Corp. will post 0.62 EPS for the current year.

Insider Transactions at Sterling Check

In related news, insider Lou Paglia sold 47,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $15.15, for a total value of $712,050.00. Following the completion of the sale, the insider now owns 618,331 shares in the company, valued at $9,367,714.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 9.90% of the company’s stock.

Sterling Check Company Profile

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.