Adcare Health System major shareholder Unloads $982,690 in Stock (ADK)
Adcare Health System (NYSE:ADK) major shareholder Anthony J. Cantone sold 198,123 shares of Adcare Health System stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $4.96, for a total transaction of $982,690.08. Following the transaction, the insider now directly owns 535,150 shares in the company, valued at approximately $2,654,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Separately, analysts at Zacks downgraded shares of Adcare Health System from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 29th. They now have a $4.40 price target on the stock.
Shares of Adcare Health System (NYSE:ADK) traded up 0.41% during mid-day trading on Friday, hitting $4.94. The stock had a trading volume of 103,048 shares. Adcare Health System has a 1-year low of $3.62 and a 1-year high of $5.05. The stock has a 50-day moving average of $4.64 and a 200-day moving average of $4.27. The company’s market cap is $85.0 million.
Adcare Health System (NYSE:ADK) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.04. Analysts expect that Adcare Health System will post $-0.34 EPS for the current fiscal year.
AdCare Health Systems, Inc (NYSE:ADK) is a developer, owner and manager of retirement communities, assisted living facilities, skilled nursing facilities and home health care services in the state of Ohio.
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