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 firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $124.72, for a total transaction of $828,639.68. Following the completion of the transaction, the executive vice president directly owned 57,048 shares in the company, valued at $7,115,026.56. This represents a 10.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Addus HomeCare Price Performance

NASDAQ:ADUS traded up $3.87 during trading hours on Tuesday, hitting $126.29. 225,844 shares of the stock were exchanged, compared to its average volume of 237,872. Addus HomeCare Corporation has a 52-week low of $87.95 and a 52-week high of $131.59. The firm’s fifty day moving average price is $117.74 and its 200 day moving average price is $106.95. The company has a current ratio of 1.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.36 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.82 and a beta of 0.75.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results 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. The business had revenue of $387.74 million for the quarter, compared to the consensus estimate of $388.72 million. Addus HomeCare had a return on equity of 10.22% and a net margin of 7.39%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.56 earnings per share. As a group, equities research analysts anticipate that Addus HomeCare Corporation will post 6.34 EPS for the current fiscal year.

Analyst Ratings Changes

ADUS has been the subject of several recent research reports. Citigroup downgraded Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research note on Monday, September 14th. Bank of America lowered shares of Addus HomeCare from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $125.00 in a report on Monday, September 14th. Truist Financial raised their price target on shares of Addus HomeCare from $135.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. Royal Bank Of Canada raised their target price on shares of Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Barclays boosted their target price on Addus HomeCare from $96.00 to $101.00 and gave the stock an “underweight” rating in a report on Wednesday, November 4th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Addus HomeCare in the second quarter valued at about $344,153,000. Dimensional Fund Advisors LP increased its position in Addus HomeCare by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock worth $69,689,000 after purchasing an additional 78,415 shares during the last quarter. Bank of America Corp DE purchased a new position in Addus HomeCare during the second quarter worth about $35,527,000. TimesSquare Capital Management LLC purchased a new position in Addus HomeCare during the second quarter worth about $31,502,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Addus HomeCare by 110.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 189,718 shares of the company’s stock worth $21,192,000 after purchasing an additional 99,596 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.

About Addus HomeCare

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.