Intel stock extends gains after report of possible U.S. government stake
Michael D. Wattenbarger, Executive Vice President and Chief Information Officer at Addus HomeCare Corp (NASDAQ:ADUS), a healthcare services provider with a market capitalization of $1.7 billion and strong financial health according to InvestingPro metrics, recently executed a stock transaction involving the company’s common stock. According to a recent SEC filing, Wattenbarger sold 1,151 shares on February 24 at a price of $108.18 per share, totaling approximately $124,515. This sale was conducted under a pre-established 10b5-1 trading plan, primarily to cover tax obligations related to the vesting of restricted stock awards. The transaction occurred as the stock trades below its Fair Value, based on InvestingPro analysis, with the company maintaining robust financials including a healthy current ratio of 2.11 and minimal debt.
Additionally, on February 21, Wattenbarger acquired 4,120 shares of Addus HomeCare’s common stock. These shares were granted at no cost and are set to vest in equal portions over the next three years, contingent on continued service and potential acceleration in the event of a change in control. Following these transactions, Wattenbarger holds 10,184 shares directly. For deeper insights into insider transactions and comprehensive financial analysis, including 12 additional ProTips and detailed valuation metrics, visit InvestingPro.
In other recent news, Addus HomeCare Corporation reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.38, compared to the forecasted $1.35. The company’s revenue also exceeded projections, reaching $297.1 million against the anticipated $284.28 million. Despite these positive financial results, Addus HomeCare’s stock experienced a decline, suggesting investor concerns about broader market conditions or company-specific challenges. The company also completed a significant acquisition, enhancing its growth strategy and market presence. Additionally, Addus HomeCare launched new technology aimed at improving caregiver operations. Analysts have noted the firm’s ongoing challenges in the clinical labor market, particularly for nursing staff, as well as potential impacts from changes in Medicaid policy. The company’s strategic focus remains on mergers and acquisitions, with expectations for continued revenue growth and operational expansion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.