Insider Selling: U.S. Physical Therapy (NYSE:USPH) EVP Sells 3,000 Shares of Stock

U.S. Physical Therapy, Inc. (NYSE:USPH) EVP Richard Binstein sold 3,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $81.64, for a total value of $244,920.00. Following the transaction, the executive vice president owned 24,867 shares of the company’s stock, valued at $2,030,141.88. The trade was a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

U.S. Physical Therapy Trading Down 0.5%

Shares of USPH stock traded down $0.38 on Monday, reaching $80.72. The company had a trading volume of 148,292 shares, compared to its average volume of 220,504. The stock has a market cap of $1.22 billion, a PE ratio of 56.84, a PEG ratio of 2.03 and a beta of 1.30. The company has a 50-day moving average of $83.84 and a 200-day moving average of $82.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. U.S. Physical Therapy, Inc. has a 12 month low of $62.77 and a 12 month high of $93.50.

U.S. Physical Therapy (NYSE:USPH) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. U.S. Physical Therapy had a net margin of 5.07% and a return on equity of 8.75%. The business had revenue of $202.73 million for the quarter, compared to analyst estimates of $200.10 million. During the same quarter last year, the firm earned $0.51 EPS. U.S. Physical Therapy’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts forecast that U.S. Physical Therapy, Inc. will post 2.67 earnings per share for the current year.

U.S. Physical Therapy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 13th will be issued a $0.46 dividend. This is a positive change from U.S. Physical Therapy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.84 annualized dividend and a dividend yield of 2.3%. U.S. Physical Therapy’s dividend payout ratio (DPR) is presently 126.76%.

Analyst Ratings Changes

A number of research firms have issued reports on USPH. Citigroup restated a “market outperform” rating on shares of U.S. Physical Therapy in a report on Monday, December 15th. Barrington Research reiterated an “outperform” rating and set a $103.00 target price on shares of U.S. Physical Therapy in a report on Friday, February 20th. JPMorgan Chase & Co. cut their price target on U.S. Physical Therapy from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of U.S. Physical Therapy in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Institutional Investors Weigh In On U.S. Physical Therapy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of U.S. Physical Therapy by 3.4% in the 1st quarter. Royal Bank of Canada now owns 79,238 shares of the company’s stock valued at $5,733,000 after acquiring an additional 2,594 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in U.S. Physical Therapy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,897 shares of the company’s stock worth $644,000 after acquiring an additional 391 shares in the last quarter. Jane Street Group LLC boosted its position in U.S. Physical Therapy by 249.3% during the first quarter. Jane Street Group LLC now owns 49,309 shares of the company’s stock valued at $3,568,000 after purchasing an additional 35,191 shares during the last quarter. Assetmark Inc. boosted its position in U.S. Physical Therapy by 35.7% during the second quarter. Assetmark Inc. now owns 570 shares of the company’s stock valued at $45,000 after purchasing an additional 150 shares during the last quarter. Finally, Atria Investments Inc grew its stake in U.S. Physical Therapy by 3.9% in the second quarter. Atria Investments Inc now owns 7,868 shares of the company’s stock valued at $615,000 after purchasing an additional 298 shares in the last quarter.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc (NYSE: USPH) is a leading owner and operator of outpatient physical therapy clinics across the United States. The company delivers rehabilitative care to patients recovering from orthopedic injuries, neurological disorders and chronic conditions. Its core services include one-on-one physical therapy sessions, aquatic therapy, occupational therapy, massage therapy and sports medicine programs designed to restore mobility and enhance quality of life.

In addition to traditional rehabilitation services, U.S.