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

Sterling Check Corp. (NASDAQ:STER) major shareholder Melanie Laird sold 300,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 10,749,576 shares of the company’s stock, valued at $184,677,715.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 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 Performance

STER stock traded down $0.21 during mid-day trading on Thursday, hitting $16.99. The company had a trading volume of 643,278 shares, compared to its average volume of 386,658. Sterling Check Corp. has a 12-month low of $10.00 and a 12-month high of $17.35. 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 company has a 50-day moving average price of $16.35 and a 200 day moving average price of $15.69.

Sterling Check (NASDAQ:STER) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.23 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 analysts’ expectations 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 revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, research analysts predict that Sterling Check Corp. will post 0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their target price on shares of Sterling Check from $16.20 to $17.50 and gave the stock 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, Sterling Check presently has a consensus rating of “Hold” and a consensus price target of $16.20.

Institutional Trading of Sterling Check

Several hedge funds have recently bought and sold shares of the stock. Magnetar Financial LLC purchased a new stake in shares of Sterling Check during the 1st quarter valued at about $18,939,000. Swedbank AB purchased a new stake in shares of Sterling Check during the 1st quarter valued at about $9,648,000. Alpine Associates Management Inc. raised its position in shares of Sterling Check by 24.5% during the 2nd quarter. Alpine Associates Management Inc. now owns 2,477,920 shares of the company’s stock valued at $36,673,000 after buying an additional 487,600 shares in the last quarter. Gabelli Funds LLC raised 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 valued at $3,750,000 after buying an additional 161,668 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Sterling Check during the 1st quarter valued at about $1,449,000. Hedge funds and other 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.