Sterling Check (NASDAQ:STER) Sets New 1-Year High at $16.71

Sterling Check Corp. (NASDAQ:STER) hit a new 52-week high during trading on Monday . The company traded as high as $16.71 and last traded at $16.65, with a volume of 1152 shares changing hands. The stock had previously closed at $16.62.

Sterling Check Price Performance

The firm has a market capitalization of $1.64 billion, a PE ratio of -167.90 and a beta of 0.48. The stock’s 50 day simple moving average is $15.79 and its two-hundred day simple moving average is $15.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.62 and a current ratio of 1.62.

Sterling Check (NASDAQ:STER) last released 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). Sterling Check had a positive return on equity of 7.73% and a negative net margin of 2.07%. The firm had revenue of $200.50 million for the quarter, compared to analyst estimates of $199.81 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. Sterling Check’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Sterling Check Corp. will post 0.62 EPS for the current year.

Insider Activity at Sterling Check

In other news, insider Lou Paglia sold 17,526 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $15.19, for a total value of $266,219.94. Following the sale, the insider now directly owns 618,331 shares of the company’s stock, valued at approximately $9,392,447.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Sterling Check

A number of institutional investors have recently modified their holdings of the company. Quest Partners LLC lifted its stake in Sterling Check by 7,540.0% during the 2nd quarter. Quest Partners LLC now owns 2,674 shares of the company’s stock worth $40,000 after acquiring an additional 2,639 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Sterling Check by 10.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,178 shares of the company’s stock worth $210,000 after purchasing an additional 1,372 shares during the period. Blackstone Inc. acquired a new stake in shares of Sterling Check during the first quarter worth about $220,000. Virtu Financial LLC acquired a new position in shares of Sterling Check in the first quarter valued at approximately $320,000. Finally, Rhumbline Advisers increased its stake in Sterling Check by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 48,246 shares of the company’s stock worth $714,000 after buying an additional 1,940 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

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.