Rice Hall James & Associates LLC Takes Position in Almost Family Inc (AFAM)
Rice Hall James & Associates LLC purchased a new position in Almost Family Inc (NASDAQ:AFAM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,375 shares of the company’s stock, valued at approximately $826,000. Rice Hall James & Associates LLC owned about 0.11% of Almost Family at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of AFAM. Swiss National Bank grew its holdings in shares of Almost Family by 35.6% in the first quarter. Swiss National Bank now owns 18,653 shares of the company’s stock worth $907,000 after purchasing an additional 4,900 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Almost Family in the first quarter worth about $255,000. Parametric Portfolio Associates LLC grew its holdings in shares of Almost Family by 6.9% in the first quarter. Parametric Portfolio Associates LLC now owns 28,602 shares of the company’s stock worth $1,390,000 after purchasing an additional 1,844 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Almost Family by 34.1% in the first quarter. Prudential Financial Inc. now owns 20,512 shares of the company’s stock worth $997,000 after purchasing an additional 5,220 shares during the last quarter. Finally, American International Group Inc. grew its holdings in shares of Almost Family by 9.4% in the first quarter. American International Group Inc. now owns 6,641 shares of the company’s stock worth $323,000 after purchasing an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 86.77% of the company’s stock.
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AFAM has been the topic of several recent research reports. Robert W. Baird set a $55.00 target price on shares of Almost Family and gave the stock a “hold” rating in a report on Saturday, October 21st. Zacks Investment Research cut shares of Almost Family from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Almost Family from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of Almost Family in a report on Wednesday, October 11th. Finally, SunTrust Banks, Inc. set a $52.00 target price on shares of Almost Family and gave the stock a “hold” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $56.50.
In related news, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total transaction of $104,000.00. Following the sale, the senior vice president now owns 79,864 shares of the company’s stock, valued at approximately $4,152,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.10% of the company’s stock.
Almost Family Inc (NASDAQ:AFAM) opened at $50.95 on Friday. The stock has a market cap of $711.47 million, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.28 and a beta of 0.39. Almost Family Inc has a 1-year low of $38.05 and a 1-year high of $62.95. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.28.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The business had revenue of $200.70 million for the quarter, compared to the consensus estimate of $205.48 million. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. The firm’s revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. equities analysts anticipate that Almost Family Inc will post 2.17 earnings per share for the current year.
About Almost Family
Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.
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