Insider Selling: Patricia M. Henry Unloads 7,091 Shares of Kindred Healthcare Stock (KND)
Kindred Healthcare (NYSE:KND) Insider Patricia M. Henry sold 7,091 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $20.00, for a total value of $141,820.00. Following the transaction, the insider now directly owns 59,470 shares in the company, valued at approximately $1,189,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at UBS AG upgraded shares of Kindred Healthcare from an “underperform” rating to a “market perform” rating in a research note on Monday. Separately, analysts at Wells Fargo & Co. upgraded shares of Kindred Healthcare from an “underperform” rating to a “market perform” rating in a research note on Monday. Finally, analysts at Roth Capital initiated coverage on shares of Kindred Healthcare in a research note on Tuesday, February 4th. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.73.
Shares of Kindred Healthcare (NYSE:KND) traded up 3.51% during mid-day trading on Tuesday, hitting $20.95. The stock had a trading volume of 466,749 shares. Kindred Healthcare has a 52-week low of $9.75 and a 52-week high of $21.40. The stock has a 50-day moving average of $19.56 and a 200-day moving average of $16.5. The company’s market cap is $1.135 billion.
Kindred Healthcare (NYSE:KND) last announced its earnings results on Thursday, February 20th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. On average, analysts predict that Kindred Healthcare will post $1.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, March 4th.
Kindred Healthcare, Inc is a healthcare services company that through its subsidiaries operates transitional care (NYSE:KND) hospitals, inpatient rehabilitation hospitals (IRFs), nursing and rehabilitation centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States.
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