Shares of Addus HomeCare Co. (NASDAQ:ADUS) traded down 7.9% on Tuesday . The company traded as low as $96.22 and last traded at $96.75. 2,183 shares changed hands during trading, a decline of 98% from the average session volume of 87,522 shares. The stock had previously closed at $105.07.
Separately, Zacks Investment Research lowered shares of Addus HomeCare from a “hold” rating to a “sell” rating in a research report on Monday.
The company has a 50 day simple moving average of $107.10 and a two-hundred day simple moving average of $109.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.19.
In related news, CEO R Dirk Allison sold 5,539 shares of the business’s stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $102.09, for a total transaction of $565,476.51. Also, COO W Bradley Bickham sold 2,424 shares of the company’s stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $102.33, for a total transaction of $248,047.92. Insiders sold a total of 11,888 shares of company stock worth $1,223,430 over the last ninety days. Insiders own 6.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new position in shares of Addus HomeCare in the first quarter worth about $34,000. Lazard Asset Management LLC increased its position in shares of Addus HomeCare by 490.0% in the fourth quarter. Lazard Asset Management LLC now owns 472 shares of the company’s stock valued at $55,000 after buying an additional 392 shares in the last quarter. Veriti Management LLC purchased a new position in shares of Addus HomeCare during the 4th quarter valued at approximately $64,000. Nisa Investment Advisors LLC grew its stake in Addus HomeCare by 14.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 800 shares of the company’s stock valued at $94,000 after acquiring an additional 100 shares during the period. Finally, Credit Agricole S A increased its holdings in Addus HomeCare by 353.6% in the 4th quarter. Credit Agricole S A now owns 830 shares of the company’s stock worth $97,000 after acquiring an additional 647 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.
About Addus HomeCare (NASDAQ:ADUS)
Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates through three segments: Personal Care, Hospice, and Home Health.
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