Melanie Laird Sells 22,278 Shares of Sterling Check Corp. (NASDAQ:STER) Stock

Sterling Check Corp. (NASDAQ:STER) major shareholder Melanie Laird sold 22,278 shares of Sterling Check stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $16.96, for a total value of $377,834.88. Following the completion of the transaction, the insider now directly owns 11,049,576 shares of the company’s stock, valued at $187,400,808.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Sterling Check Price Performance

Shares of STER stock opened at $16.77 on Friday. The stock has a 50-day moving average price of $16.25 and a 200 day moving average price of $15.67. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -167.70 and a beta of 0.49. Sterling Check Corp. has a 12 month low of $10.00 and a 12 month high of $17.05.

Sterling Check (NASDAQ:STER) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 7.73% and a negative net margin of 2.07%. Sterling Check’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. Research analysts expect that Sterling Check Corp. will post 0.62 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Sterling Check

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Sterling Check during the 3rd quarter worth about $218,000. The Manufacturers Life Insurance Company grew its position in shares of Sterling Check by 10.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,178 shares of the company’s stock worth $210,000 after buying an additional 1,372 shares during the period. Magnetar Financial LLC grew its position in shares of Sterling Check by 38.3% during the 2nd quarter. Magnetar Financial LLC now owns 1,628,611 shares of the company’s stock worth $24,103,000 after buying an additional 450,833 shares during the period. Gabelli Funds LLC grew its position in shares of Sterling Check by 176.2% during the 2nd quarter. Gabelli Funds LLC now owns 253,397 shares of the company’s stock worth $3,750,000 after buying an additional 161,668 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Sterling Check by 58.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 226,940 shares of the company’s stock worth $3,359,000 after buying an additional 84,149 shares during the period. 84.34% of the stock is currently 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.