Insider Selling: Addus HomeCare (NASDAQ:ADUS) EVP Sells $828,639.68 in Stock

Addus HomeCare Corporation (NASDAQ:ADUS) EVP Brian Poff sold 6,644 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $124.72, for a total value of $828,639.68. Following the sale, the executive vice president owned 57,048 shares in the company, valued at $7,115,026.56. The trade was a 10.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Addus HomeCare Stock Performance

ADUS stock opened at $123.72 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 1.64. Addus HomeCare Corporation has a 1 year low of $87.95 and a 1 year high of $131.59. The stock’s fifty day moving average is $118.30 and its two-hundred day moving average is $107.17. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.65 and a beta of 0.75.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.04. Addus HomeCare had a net margin of 7.39% and a return on equity of 10.22%. The firm had revenue of $387.74 million for the quarter, compared to the consensus estimate of $388.72 million. During the same period last year, the firm posted $1.56 EPS. Addus HomeCare’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that Addus HomeCare Corporation will post 6.41 EPS for the current year.

Institutional Trading of Addus HomeCare

A number of institutional investors have recently made changes to their positions in ADUS. BlackRock Inc. acquired a new stake in Addus HomeCare in the second quarter worth approximately $344,153,000. Dimensional Fund Advisors LP boosted its stake in Addus HomeCare by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock valued at $69,689,000 after purchasing an additional 78,415 shares in the last quarter. Bank of America Corp DE bought a new position in Addus HomeCare during the 2nd quarter valued at $35,527,000. Boston Partners increased its position in shares of Addus HomeCare by 18.0% during the 3rd quarter. Boston Partners now owns 290,332 shares of the company’s stock valued at $32,222,000 after purchasing an additional 44,279 shares during the period. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Addus HomeCare during the 2nd quarter valued at $31,502,000. 95.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on ADUS shares. Zacks Research upgraded Addus HomeCare from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Truist Financial boosted their price target on Addus HomeCare from $135.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Royal Bank Of Canada increased their price target on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Bank of America lowered Addus HomeCare from a “buy” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $125.00 in a report on Monday, September 14th. Finally, Weiss Ratings raised Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.33.

Addus HomeCare Company Profile

Addus HomeCare Corporation provides home-based care services to older adults and people with disabilities. Its services are designed to help clients receive care at home and in other community-based settings. The company operates through personal care, hospice and home health services. Personal care includes assistance with daily activities; hospice provides end-of-life care and support; and home health offers skilled nursing and therapy services. Founded in 1979, Addus serves communities across multiple states.