Addus HomeCare (NASDAQ:ADUS) Hits New 1-Year Low – Time to Sell?

Addus HomeCare Corporation (NASDAQ:ADUS)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $90.89 and last traded at $92.00, with a volume of 82130 shares trading hands. The stock had previously closed at $92.30.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. KeyCorp restated an “overweight” rating on shares of Addus HomeCare in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. Barclays decreased their price target on Addus HomeCare from $112.00 to $102.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research note on Wednesday, February 25th. Finally, Truist Financial set a $135.00 price target on Addus HomeCare and gave the company a “buy” rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.22.

Addus HomeCare Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.71 billion, a PE ratio of 17.66, a P/E/G ratio of 1.26 and a beta of 0.96. The company has a fifty day moving average of $103.30 and a 200-day moving average of $110.11.

Insider Activity

In related news, EVP David W. Tucker sold 704 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $107.35, for a total transaction of $75,574.40. Following the completion of the transaction, the executive vice president directly owned 10,802 shares of the company’s stock, valued at $1,159,594.70. The trade was a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO R Dirk Allison sold 4,988 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $106.98, for a total value of $533,616.24. Following the transaction, the chief executive officer directly owned 185,514 shares of the company’s stock, valued at $19,846,287.72. The trade was a 2.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,610 shares of company stock worth $1,768,970 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ADUS. Capital Research Global Investors grew its stake in Addus HomeCare by 22.3% during the 4th quarter. Capital Research Global Investors now owns 1,469,752 shares of the company’s stock worth $157,837,000 after purchasing an additional 268,192 shares in the last quarter. Tributary Capital Management LLC grew its stake in Addus HomeCare by 114.1% during the 3rd quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock worth $46,974,000 after purchasing an additional 212,192 shares in the last quarter. Freestone Grove Partners LP lifted its holdings in Addus HomeCare by 5,035.2% during the 4th quarter. Freestone Grove Partners LP now owns 137,932 shares of the company’s stock worth $14,813,000 after buying an additional 135,246 shares during the last quarter. 8 Knots Management LLC purchased a new stake in Addus HomeCare during the 3rd quarter worth about $6,075,000. Finally, Empowered Funds LLC lifted its holdings in Addus HomeCare by 186.1% during the 4th quarter. Empowered Funds LLC now owns 70,927 shares of the company’s stock worth $7,617,000 after buying an additional 46,137 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

About Addus HomeCare

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.