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HRT Stock Price Correlated With HireRight Holdings Financials

HRT Stock Price vs. Quarterly
HRT
Income Statement
Cash Flow
Balance Sheet

HRT Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

HRT Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

HRT Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
General Atlantic
32,109,898 sh
 
$431,878
Stone Point Capital
18,463,397 sh
 
$248,333
Ameriprise Financial
3,011,518 sh
132,115 sh
5%
$40,504
$13,121
Massachusetts Financial Services /Ma/
1,761,444 sh
-368,950 sh
-17%
$23,691
$3,431
Jennison Associates
1,510,826 sh
-65,773 sh
-4%
$20,321
$5,327
Park West Asset Management
1,090,576 sh
1,090,576 sh
NEW
$14,668
$14,668
Blackrock.
1,058,278 sh
3,622 sh
0%
$14,235
$4,207
Vanguard Group
625,426 sh
-249,744 sh
-29%
$8,412
$89
Dimensional Fund Advisors
616,159 sh
101,872 sh
20%
$8,287
$3,397
Advantage Alpha Capital Partners Lp
561,051 sh
338,119 sh
152%
$7,546
$5,025
Citadel Advisors
475,284 sh
471,184 sh
11492%
$6,393
$6,354
Invenomic Capital Management Lp
462,762 sh
-353,448 sh
-43%
$6,224
-$3,007
State Street
339,723 sh
-12,167 sh
-3%
$4,569
$1,223
Lgt Capital Partners.
313,055 sh
-271,463 sh
-46%
$4,211
-$1,348
Geode Capital Management
282,661 sh
-12,354 sh
-4%
$3,802
$996
Emerald Advisers
251,401 sh
251,401 sh
NEW
$3,381
$3,381
Renaissance Technologies
225,400 sh
120,387 sh
115%
$3
$2
Emerald Mutual Fund Advisers Trust
207,701 sh
207,701 sh
NEW
$2,794
$2,794
JPMorgan Chase
196,279 sh
-118,118 sh
-38%
$2,640
-$349
Aqr Capital Management
193,958 sh
-164,859 sh
-46%
$2,609
-$803
COMPANY PROFILE
Organization, Basis of Presentation and Consolidation, and Significant Accounting Policies Organization

HireRight GIS Group Holdings LLC (“HGGH”), was formed in July 2018 in connection with the combination of two groups of companies: the HireRight Group and the General Information Services (“GIS”) Group, each of which includes a number of wholly-owned subsidiaries that conduct the Company’s business in the United States, as well as other countries. Since July 2018, the combined group of companies and their subsidiaries have operated as a unified operating company providing screening and compliance services, predominantly under the HireRight brand.

Corporate Conversion and Stock Split

On October 15, 2021, HGGH converted into a Delaware corporation and changed its name to HireRight Holdings Corporation (“HireRight” or the “Company”). In conjunction with the conversion, all of HGGH’s outstanding equity interests were converted into shares of common stock of HireRight Holdings Corporation. The conversion and related transactions are referred to herein as the “Corporate Conversion”. The Corporate Conversion did not affect the assets and liabilities of HGGH, which became the assets and liabilities of HireRight Holdings Corporation.

On October 18, 2021, HireRight Holdings Corporation effected a one-for-15.969236 reverse stock split (the “Stock Split”). All shares of the Company’s common stock, stock-based instruments, and per-share data included in the condensed consolidated financial statements give retroactive effect to the Stock Split.

Initial Public Offering

On November 2, 2021, the Company completed its initial public offering (“IPO”), in which the Company issued 22,222,222 shares of its common stock. The shares began trading on the New York Stock Exchange on October 29, 2021 under the symbol “HRT”. The shares were sold at an IPO price of $19.00 per share for net proceeds of $393.5 million, after deducting underwriting discounts and commissions of $23.2 million and other offering costs payable by the Company of $5.5 million. On November 30, 2021, the Company issued an additional 2,424 shares pursuant to the partial exercise of the underwriters’ option to purchase additional shares for net proceeds of an immaterial amount.

Income Tax Receivable Agreement

In connection with the Company’s IPO, the Company entered into an income tax receivable agreement (the “TRA”), which provides for the payment by the Company over a period of approximately 12 years to pre-IPO equityholders or their permitted transferees of 85% of the benefits, if any, that the Company and its subsidiaries realize, or are deemed to realize (calculated using certain assumptions) in U.S. federal, state, and local income tax savings as a result of the utilization (or deemed utilization) of certain existing tax attributes. As of March 31, 2022 and December 31, 2021, the Company recorded a total liability of $210.6 million in connection with the projected obligations under the TRA on its condensed consolidated balance sheets.

Basis of Presentation and Principles of Consolidation

The unaudited condensed consolidated financial statements include the Company’s accounts and those of its wholly-owned subsidiaries. The unaudited condensed consolidated financial statements are presented in accordance with generally accepted accounting principles in the United States of America ("GAAP") and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting.

Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Therefore, these condensed consolidated financial

statements should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on March 21, 2022 (the “Annual Report”). The

Free historical financial statements for HireRight Holdings Corp.. See how revenue, income, cash flow, and balance sheet financials have changed over 9 quarters since 2021. Compare with HRT stock chart to see long term trends.

Data imported from HireRight Holdings Corp. SEC filings. Check original filings before making any investment decision.