Concentra Group Holdings Parent, Inc. (NYSE:CON) to Issue $0.06 Quarterly Dividend

Concentra Group Holdings Parent, Inc. (NYSE:CON) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, August 20th will be paid a dividend of 0.0625 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 20th.

Concentra Group Holdings Parent Trading Down 0.9%

Shares of CON stock opened at $30.48 on Friday. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. Concentra Group Holdings Parent has a 12-month low of $18.55 and a 12-month high of $32.86. The stock’s 50-day moving average price is $29.62 and its 200-day moving average price is $25.36. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.62.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The firm had revenue of $606.03 million during the quarter, compared to analyst estimates of $591.75 million. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Equities research analysts predict that Concentra Group Holdings Parent will post 1.52 EPS for the current fiscal year.

Insider Buying and Selling at Concentra Group Holdings Parent

In related news, Director Robert A. Ortenzio sold 130,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $31.84, for a total value of $4,139,200.00. Following the sale, the director directly owned 503,455 shares in the company, valued at approximately $16,030,007.20. The trade was a 20.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 390,000 shares of company stock valued at $11,354,200. 8.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Concentra Group Holdings Parent by 124.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock worth $25,000 after purchasing an additional 663 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Concentra Group Holdings Parent by 2,784.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock valued at $30,000 after buying an additional 1,392 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Concentra Group Holdings Parent by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after acquiring an additional 528 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $35,000. Finally, Osaic Holdings Inc. lifted its position in Concentra Group Holdings Parent by 59.5% in the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock valued at $42,000 after purchasing an additional 761 shares during the period.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.