Sterling Check Corp. (NASDAQ:STER) Major Shareholder Melanie Laird Sells 300,000 Shares of Stock

Sterling Check Corp. (NASDAQ:STER) major shareholder Melanie Laird sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $17.18, for a total transaction of $5,154,000.00. Following the sale, the insider now directly owns 10,749,576 shares in the company, valued at approximately $184,677,715.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Melanie Laird also recently made the following trade(s):

• On Friday, September 20th, Melanie Laird sold 22,278 shares of Sterling Check stock. The stock was sold at an average price of $16.96, for a total transaction of $377,834.88.

Sterling Check Stock Down 1.2 %

Sterling Check stock opened at $16.99 on Friday. The stock’s fifty day moving average is $16.38 and its two-hundred day moving average is $15.70. The stock has a market cap of $1.66 billion, a PE ratio of -99.94 and a beta of 0.49. Sterling Check Corp. has a 1-year low of $10.00 and a 1-year high of $17.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.62 and a quick 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). The company 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 revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. On average, sell-side analysts expect that Sterling Check Corp. will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup boosted their target price on Sterling Check from $16.20 to $17.50 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.20.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quest Partners LLC raised its holdings in Sterling Check by 7,540.0% during the second quarter. Quest Partners LLC now owns 2,674 shares of the company’s stock worth $40,000 after purchasing an additional 2,639 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 acquiring an additional 1,372 shares during the period. SG Americas Securities LLC acquired a new stake in Sterling Check in the third quarter valued at $218,000. Blackstone Inc. purchased a new stake in shares of Sterling Check during the 1st quarter worth $220,000. Finally, Virtu Financial LLC purchased a new position in shares of Sterling Check in the 1st quarter valued at about $320,000. 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.