Sterling Check (NASDAQ:STER) Hits New 12-Month High at $16.71

Sterling Check Corp. (NASDAQ:STER) shares reached a new 52-week high during mid-day 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 Stock Performance

The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -166.20 and a beta of 0.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s fifty day moving average is $15.75 and its two-hundred day moving average is $15.57.

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

Insider Activity at Sterling Check

In other news, insider Lou Paglia sold 17,526 shares of the company’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 completion of the sale, the insider now directly owns 618,331 shares of the company’s stock, valued at approximately $9,392,447.89. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sterling Check

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in Sterling Check by 39.6% in the 4th quarter. Victory Capital Management Inc. now owns 64,226 shares of the company’s stock worth $894,000 after acquiring an additional 18,226 shares in the last quarter. Swiss National Bank lifted its position in shares of Sterling Check by 6.5% in the fourth quarter. Swiss National Bank now owns 56,961 shares of the company’s stock worth $793,000 after purchasing an additional 3,500 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Sterling Check during the fourth quarter worth approximately $151,000. Clearbridge Investments LLC grew its position in Sterling Check by 0.9% during the fourth quarter. Clearbridge Investments LLC now owns 812,681 shares of the company’s stock valued at $11,313,000 after purchasing an additional 7,307 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Sterling Check in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

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.