Insider Selling: Sterling Check Corp. (NASDAQ:STER) Insider Sells $13,371.33 in Stock

Sterling Check Corp. (NASDAQ:STER) insider Lou Paglia sold 861 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $15.53, for a total value of $13,371.33. Following the transaction, the insider now directly owns 618,331 shares of the company’s stock, valued at $9,602,680.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sterling Check Stock Down 0.9 %

Shares of STER opened at $15.20 on Friday. The company’s 50-day moving average is $15.39 and its 200-day moving average is $14.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.54 and a quick ratio of 1.54. Sterling Check Corp. has a fifty-two week low of $10.00 and a fifty-two week high of $16.68.

Sterling Check (NASDAQ:STER) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Sterling Check had a negative net margin of 1.19% and a positive return on equity of 8.47%. The company had revenue of $186.00 million during the quarter, compared to the consensus estimate of $178.95 million. As a group, equities research analysts anticipate that Sterling Check Corp. will post 0.73 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STER. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $17.00 price objective on shares of Sterling Check in a research note on Friday, March 1st. Stifel Nicolaus restated a “hold” rating and set a $16.50 price objective (up from $14.00) on shares of Sterling Check in a research note on Thursday, March 14th. Finally, William Blair downgraded shares of Sterling Check from an “outperform” rating to a “market perform” rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.30.

Institutional Trading of Sterling Check

Several institutional investors have recently added to or reduced their stakes in STER. Victory Capital Management Inc. boosted its position in shares of Sterling Check by 2.1% in the third quarter. Victory Capital Management Inc. now owns 46,000 shares of the company’s stock valued at $581,000 after acquiring an additional 947 shares during the period. New York State Common Retirement Fund boosted its holdings in Sterling Check by 55.1% in the 3rd quarter. New York State Common Retirement Fund now owns 10,684 shares of the company’s stock valued at $135,000 after purchasing an additional 3,796 shares during the period. CenterBook Partners LP acquired a new position in shares of Sterling Check during the 3rd quarter worth approximately $3,803,000. Parkside Financial Bank & Trust increased its holdings in shares of Sterling Check by 71.1% during the third quarter. Parkside Financial Bank & Trust now owns 2,801 shares of the company’s stock worth $35,000 after purchasing an additional 1,164 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Sterling Check by 11.5% in the third quarter. Wellington Management Group LLP now owns 9,117,397 shares of the company’s stock valued at $115,062,000 after buying an additional 943,308 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

About Sterling Check

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.