Insider Selling: U.S. Physical Therapy Director Sells 96 Shares of Stock (USPH)
U.S. Physical Therapy (NASDAQ:USPH) Director Mark J. Brookner sold 96 shares of U.S. Physical Therapy stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $35.75, for a total value of $3,432.00. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $1,787,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Jefferies Group raised their price target on shares of U.S. Physical Therapy from $38.00 to $40.00 in a research note on Friday, August 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $36.80.
Shares of U.S. Physical Therapy (NASDAQ:USPH) traded down 1.94% on Wednesday, hitting $34.94. 22,308 shares of the company’s stock traded hands. U.S. Physical Therapy has a 1-year low of $27.80 and a 1-year high of $37.25. The stock has a 50-day moving average of $35.3 and a 200-day moving average of $33.3. The company has a market cap of $427.5 million and a price-to-earnings ratio of 32.04.
U.S. Physical Therapy (NASDAQ:USPH) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.08. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $74.25 million. During the same quarter last year, the company posted $0.42 earnings per share. U.S. Physical Therapy’s revenue was up 16.9% compared to the same quarter last year. On average, analysts predict that U.S. Physical Therapy will post $1.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 14th.
U.S. Physical Therapy, Inc, through its subsidiaries, operates outpatient physical and occupational therapy clinics that provide pre- and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries.
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