AdCare Health Systems, Inc. (ADK) Releases Earnings Results
AdCare Health Systems, Inc. (NYSE:ADK) released its earnings results on Monday. The healthcare company reported ($0.07) earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $6.30 million for the quarter.
AdCare Health Systems (NYSE:ADK) opened at 1.01 on Tuesday. The company’s market capitalization is $19.64 million. The stock’s 50 day moving average is $1.01 and its 200-day moving average is $1.14. AdCare Health Systems has a 52-week low of $0.90 and a 52-week high of $2.45.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its position in AdCare Health Systems by 75.3% in the second quarter. Wedbush Securities Inc. now owns 183,435 shares of the healthcare company’s stock valued at $176,000 after buying an additional 78,783 shares during the last quarter. Renaissance Technologies LLC boosted its position in AdCare Health Systems by 1.6% in the first quarter. Renaissance Technologies LLC now owns 258,800 shares of the healthcare company’s stock valued at $326,000 after buying an additional 4,200 shares during the last quarter. UBS Group AG boosted its position in AdCare Health Systems by 60.4% in the first quarter. UBS Group AG now owns 151,293 shares of the healthcare company’s stock valued at $191,000 after buying an additional 56,982 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its position in AdCare Health Systems by 6.9% in the first quarter. Formidable Asset Management LLC now owns 1,446,472 shares of the healthcare company’s stock valued at $1,360,000 after buying an additional 93,606 shares during the last quarter.
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AdCare Health Systems Company Profile
AdCare Health Systems, Inc, through its subsidiaries, is a self-managed real estate investment company that invests in real estate purposed for long-term care and senior living. The Company’s business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities.
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