Algert Global LLC Acquires 1,705 Shares of Addus HomeCare Corporation (ADUS)
Algert Global LLC raised its stake in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 14.1% during the second quarter, Holdings Channel reports. The fund owned 13,762 shares of the company’s stock after buying an additional 1,705 shares during the period. Algert Global LLC’s holdings in Addus HomeCare Corporation were worth $512,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Eagle Global Advisors LLC raised its position in Addus HomeCare Corporation by 7.8% in the second quarter. Eagle Global Advisors LLC now owns 15,500 shares of the company’s stock valued at $577,000 after buying an additional 1,120 shares during the last quarter. Bowling Portfolio Management LLC raised its position in Addus HomeCare Corporation by 0.5% in the second quarter. Bowling Portfolio Management LLC now owns 18,089 shares of the company’s stock valued at $673,000 after buying an additional 85 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in Addus HomeCare Corporation by 34.7% in the second quarter. Campbell & CO Investment Adviser LLC now owns 11,044 shares of the company’s stock valued at $411,000 after buying an additional 2,846 shares during the last quarter. Russell Investments Group Ltd. raised its position in Addus HomeCare Corporation by 831.8% in the second quarter. Russell Investments Group Ltd. now owns 300,101 shares of the company’s stock valued at $11,165,000 after buying an additional 267,896 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in Addus HomeCare Corporation during the first quarter valued at $238,000. Institutional investors and hedge funds own 94.37% of the company’s stock.
Addus HomeCare Corporation (NASDAQ ADUS) opened at 34.25 on Friday. The company’s 50 day moving average is $36.73 and its 200 day moving average is $35.23. The firm has a market cap of $392.85 million, a price-to-earnings ratio of 24.45 and a beta of 0.23. Addus HomeCare Corporation has a 12-month low of $18.61 and a 12-month high of $40.75.
Addus HomeCare Corporation (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.47%. The company had revenue of $103.60 million for the quarter, compared to analyst estimates of $104.39 million. During the same quarter in the prior year, the business posted $0.31 EPS. Addus HomeCare Corporation’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Addus HomeCare Corporation will post $1.60 earnings per share for the current year.
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Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Addus HomeCare Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. ValuEngine upgraded shares of Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Addus HomeCare Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Addus HomeCare Corporation presently has an average rating of “Hold” and a consensus price target of $37.50.
In related news, EVP Darby Anderson sold 5,000 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the transaction, the executive vice president now directly owns 31,604 shares in the company, valued at approximately $1,193,999.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brenda A. Belger sold 6,250 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $38.58, for a total transaction of $241,125.00. Following the completion of the transaction, the insider now owns 17,331 shares in the company, valued at $668,629.98. The disclosure for this sale can be found here. Insiders sold a total of 11,939 shares of company stock worth $456,310 over the last quarter. 35.80% of the stock is currently owned by company insiders.
Addus HomeCare Corporation Company Profile
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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