Capstone Holding Corp. lowers convertible note conversion price to $1.00
In a recent transaction, Roberton James Stevenson, the Executive Vice President and Chief Human Resources Officer at Addus HomeCare Corp (NASDAQ:ADUS), a $1.73 billion healthcare services provider, sold shares of the company. The stock has experienced significant pressure, declining nearly 15% over the past week, according to InvestingPro data. According to a Form 4 filing with the Securities and Exchange Commission, Stevenson disposed of 308 shares on February 25, 2025, at a price of $99.9 per share, totaling approximately $30,769.
This sale was conducted under a pre-established 10b5-1 trading plan, primarily to satisfy tax obligations related to the vesting of restricted stock awards granted by Addus HomeCare. Following the transaction, Stevenson holds 12,812 shares of the company’s common stock. The company currently trades at a P/E ratio of 22.8x, with analysts maintaining a strong buy consensus and setting a high price target of $160 per share.
In other recent news, Addus HomeCare Corporation reported its fourth-quarter 2024 earnings, surpassing expectations with an EPS of $1.38 compared to the forecasted $1.35, and revenue reaching $297.1 million against a forecast of $284.28 million. Despite these positive results, the stock experienced a decline, reflecting investor concerns about broader market conditions or company-specific challenges. The company also completed a significant acquisition and launched new technology for caregivers. Analyst firms have adjusted their price targets for Addus HomeCare, with KeyBanc maintaining an Overweight rating and a $150 target, while Stephens and Raymond (NSE:RYMD) James have reduced their targets to $142 and $120, respectively, citing potential Medicaid cuts as a concern. However, Stephens maintained an Overweight rating, highlighting the company’s long-term revenue growth strategy and its relatively low exposure to potential Medicaid funding reforms. Raymond James also maintained an Outperform rating, noting the company’s strong balance sheet and potential for strategic growth through future acquisitions. These developments reflect ongoing market reactions to potential policy changes and the company’s financial performance.
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