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

Shares of Sterling Check Corp. (NASDAQ:STER) hit a new 52-week high 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 company has a debt-to-equity ratio of 0.73, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50 day moving average of $15.75 and a two-hundred day moving average of $15.57. The stock has a market cap of $1.64 billion, a P/E ratio of -166.20 and a beta of 0.48.

Sterling Check (NASDAQ:STER) last issued 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 during the quarter, compared to the consensus estimate of $199.81 million. Sterling Check had a negative net margin of 2.07% and a positive return on equity of 7.73%. Sterling Check’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. On average, research analysts predict that Sterling Check Corp. will post 0.62 EPS for the current fiscal year.

Insider Transactions at Sterling Check

In other news, insider Lou Paglia sold 47,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $15.15, for a total value of $712,050.00. Following the transaction, the insider now directly owns 618,331 shares of the company’s stock, valued at approximately $9,367,714.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in shares of 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 purchasing an additional 18,226 shares during the last quarter. Swiss National Bank lifted its stake in Sterling Check by 6.5% in the fourth quarter. Swiss National Bank now owns 56,961 shares of the company’s stock valued at $793,000 after buying an additional 3,500 shares during the period. M&T Bank Corp bought a new position in Sterling Check during the fourth quarter worth about $151,000. Clearbridge Investments LLC increased its stake in shares of Sterling Check by 0.9% in the 4th quarter. Clearbridge Investments LLC now owns 812,681 shares of the company’s stock valued at $11,313,000 after acquiring an additional 7,307 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Sterling Check during the 4th quarter worth approximately $54,000. Institutional investors 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.