Phocas Financial Corp. Purchases New Stake in Select Medical Holdings Co. (NYSE:SEM)

Phocas Financial Corp. bought a new position in shares of Select Medical Holdings Co. (NYSE:SEM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,110 shares of the health services provider’s stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SEM. Quarry LP acquired a new stake in Select Medical during the third quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Select Medical during the third quarter worth $81,000. Vista Finance LLC acquired a new stake in shares of Select Medical in the fourth quarter valued at $193,000. Virtu Financial LLC acquired a new stake in shares of Select Medical in the third quarter valued at $210,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Select Medical in the third quarter valued at $232,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Stock Down 3.5 %

Shares of NYSE SEM opened at $18.50 on Thursday. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.64 and a beta of 1.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $19.07 and a two-hundred day moving average of $27.71. Select Medical Holdings Co. has a 1 year low of $16.20 and a 1 year high of $40.98.

Select Medical (NYSE:SEM) last posted its earnings results on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.50 billion. On average, analysts forecast that Select Medical Holdings Co. will post 1.17 earnings per share for the current fiscal year.

Select Medical Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 3rd. Select Medical’s dividend payout ratio (DPR) is presently 15.15%.

Insider Activity at Select Medical

In related news, VP Robert G. Breighner, Jr. sold 4,989 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $19.95, for a total value of $99,530.55. Following the transaction, the vice president now owns 30,356 shares in the company, valued at $605,602.20. The trade was a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 17.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SEM. Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday. UBS Group dropped their price objective on Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada dropped their price objective on Select Medical from $47.00 to $23.00 and set an “outperform” rating for the company in a research note on Monday. Finally, StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Select Medical Profile

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.