Addus HomeCare (NASDAQ:ADUS) Insider Sells $27,005.76 in Stock

Addus HomeCare Corporation (NASDAQ:ADUS) insider Heather Brianne Dixon sold 288 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $93.77, for a total value of $27,005.76. Following the transaction, the insider owned 44,371 shares in the company, valued at $4,160,668.67. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Addus HomeCare Price Performance

Shares of ADUS stock opened at $96.86 on Friday. Addus HomeCare Corporation has a twelve month low of $87.95 and a twelve month high of $124.43. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $94.16 and a two-hundred day simple moving average of $101.73. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.33 and a beta of 0.89.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, May 4th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. Addus HomeCare had a return on equity of 9.80% and a net margin of 6.89%.The firm had revenue of $363.50 million for the quarter, compared to analyst estimates of $366.41 million. During the same quarter last year, the firm posted $1.42 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Addus HomeCare Corporation will post 6.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADUS shares. Weiss Ratings downgraded shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. Barclays reduced their price objective on shares of Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating for the company in a research note on Friday, May 15th. Citizens Jmp reaffirmed a “market outperform” rating and set a $142.00 target price on shares of Addus HomeCare in a research report on Monday, May 18th. Finally, Wall Street Zen downgraded Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

Hedge Funds Weigh In On Addus HomeCare

A number of large investors have recently made changes to their positions in ADUS. Hohimer Wealth Management LLC boosted its position in shares of Addus HomeCare by 3.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after purchasing an additional 88 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Addus HomeCare by 2.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock valued at $446,000 after buying an additional 103 shares during the last quarter. ProShare Advisors LLC raised its stake in Addus HomeCare by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 3,527 shares of the company’s stock valued at $379,000 after buying an additional 105 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Addus HomeCare by 0.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 18,684 shares of the company’s stock worth $2,150,000 after acquiring an additional 106 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Addus HomeCare by 25.7% in the fourth quarter. State of Wyoming now owns 523 shares of the company’s stock worth $56,000 after acquiring an additional 107 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Company Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.