Insider Selling: U.S. Physical Therapy Director Mark J. Brookner 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 transaction of $3,432.00. Following the completion of the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $1,787,500. The sale 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. U.S. Physical Therapy has an average rating of “Buy” and a consensus price target of $36.80.
Shares of U.S. Physical Therapy (NASDAQ:USPH) traded up 0.20% during mid-day trading on Friday, hitting $35.75. The stock had a trading volume of 12,895 shares. U.S. Physical Therapy has a 52-week low of $27.80 and a 52-week high of $37.25. The stock’s 50-day moving average is $35.38 and its 200-day moving average is $33.39. The company has a market cap of $437.4 million and a P/E ratio of 32.09.
U.S. Physical Therapy (NASDAQ:USPH) last released its earnings data on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Monday, August 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th.
U.S. Physical Therapy, Inc, through its subsidiaries, operates outpatient physical and occupational therapy clinics that provides 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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