Paradigm Capital Management Inc. NY purchased a new position in shares of Addus HomeCare Corporation (NASDAQ:ADUS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,250 shares of the company’s stock, valued at approximately $1,385,000. Paradigm Capital Management Inc. NY owned approximately 0.34% of Addus HomeCare Corporation at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ADUS. American International Group Inc. grew its holdings in Addus HomeCare Corporation by 7.0% during the first quarter. American International Group Inc. now owns 4,548 shares of the company’s stock worth $146,000 after buying an additional 299 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Addus HomeCare Corporation during the second quarter worth $201,000. Nordea Investment Management AB bought a new stake in Addus HomeCare Corporation during the second quarter worth $201,000. First Trust Advisors LP bought a new stake in Addus HomeCare Corporation during the third quarter worth $207,000. Finally, Eqis Capital Management Inc. bought a new stake in Addus HomeCare Corporation during the third quarter worth $218,000. Institutional investors and hedge funds own 93.02% of the company’s stock.
Addus HomeCare Corporation (NASDAQ ADUS) traded up $0.05 during mid-day trading on Monday, reaching $32.55. The company’s stock had a trading volume of 11,300 shares, compared to its average volume of 39,973. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.68. Addus HomeCare Corporation has a twelve month low of $29.90 and a twelve month high of $40.75. The stock has a market capitalization of $378.38, a PE ratio of 21.99, a P/E/G ratio of 1.49 and a beta of 0.19.
Addus HomeCare Corporation (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Addus HomeCare Corporation had a return on equity of 10.35% and a net margin of 4.30%. The business had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $108.99 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. equities research analysts forecast that Addus HomeCare Corporation will post 1.46 earnings per share for the current year.
Several equities research analysts recently issued reports on ADUS shares. BidaskClub downgraded Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, August 17th. Robert W. Baird reissued a “hold” rating and issued a $40.00 price objective on shares of Addus HomeCare Corporation in a research report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $45.00 price objective on shares of Addus HomeCare Corporation in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.33.
Addus HomeCare Corporation Company Profile
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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