Bardin Hill Management Partners LP Makes New $2.73 Million Investment in Sterling Check Corp. (NASDAQ:STER)

Bardin Hill Management Partners LP acquired a new stake in Sterling Check Corp. (NASDAQ:STER) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 163,392 shares of the company’s stock, valued at approximately $2,732,000. Sterling Check accounts for about 1.3% of Bardin Hill Management Partners LP’s investment portfolio, making the stock its 19th biggest holding. Bardin Hill Management Partners LP owned about 0.17% of Sterling Check as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quest Partners LLC boosted its holdings in shares of Sterling Check by 7,540.0% in the second quarter. Quest Partners LLC now owns 2,674 shares of the company’s stock valued at $40,000 after buying an additional 2,639 shares during the period. SG Americas Securities LLC bought a new stake in Sterling Check in the 3rd quarter valued at $218,000. The Manufacturers Life Insurance Company boosted its stake in Sterling Check by 10.7% in the 2nd 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. Virtu Financial LLC bought a new position in Sterling Check during the 1st quarter worth about $320,000. Finally, Rhumbline Advisers raised its stake in shares of Sterling Check by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 48,246 shares of the company’s stock valued at $714,000 after purchasing an additional 1,940 shares during the period. 84.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their price objective on Sterling Check from $16.20 to $17.50 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Sterling Check presently has an average rating of “Hold” and a consensus target price of $16.75.

Insider Buying and Selling

In related news, major shareholder Melanie Laird sold 300,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $17.18, for a total transaction of $5,154,000.00. Following the transaction, the insider now directly owns 10,749,576 shares in the company, valued at approximately $184,677,715.68. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.90% of the stock is currently owned by corporate insiders.

Sterling Check Stock Down 0.2 %

Shares of STER stock opened at $16.74 on Monday. The firm’s fifty day moving average price is $16.80 and its two-hundred day moving average price is $16.00. Sterling Check Corp. has a 1 year low of $10.00 and a 1 year high of $18.04. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.64 billion, a P/E ratio of -98.47 and a beta of 0.48.

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.