Janney Montgomery Scott LLC acquired a new stake in Select Medical Holdings Corporation (NYSE:SEM – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 42,237 shares of the health services provider’s stock, valued at approximately $688,000.
A number of other large investors have also recently bought and sold shares of SEM. Quarry LP bought a new position in shares of Select Medical in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Select Medical in the 4th quarter valued at $28,000. Quantbot Technologies LP bought a new stake in shares of Select Medical in the third quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in shares of Select Medical by 214.7% in the fourth quarter. Hantz Financial Services Inc. now owns 2,549 shares of the health services provider’s stock valued at $38,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Select Medical by 37.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,870 shares of the health services provider’s stock worth $43,000 after acquiring an additional 788 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.
Select Medical Stock Performance
Shares of Select Medical stock opened at $16.51 on Wednesday. The firm’s 50 day moving average is $16.53 and its 200 day moving average is $16.05. The firm has a market capitalization of $2.05 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.01. Select Medical Holdings Corporation has a 1 year low of $11.65 and a 1 year high of $16.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.88.
Select Medical Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Select Medical’s dividend payout ratio (DPR) is presently 23.58%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on SEM. Mizuho reissued a “neutral” rating and issued a $16.50 price objective (down from $17.00) on shares of Select Medical in a report on Tuesday, May 12th. Zacks Research raised shares of Select Medical from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded Select Medical from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.50.
View Our Latest Research Report on SEM
Select Medical Profile
Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.
Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.
Read More
- Five stocks we like better than Select Medical
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Want to see what other hedge funds are holding SEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Medical Holdings Corporation (NYSE:SEM – Free Report).
Receive News & Ratings for Select Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical and related companies with MarketBeat.com's FREE daily email newsletter.
