AdCare Health Systems, Inc. (ADK) Short Interest Down 1.5% in September
AdCare Health Systems, Inc. (NYSE:ADK) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 516,994 shares, a decrease of 1.5% from the August 31st total of 525,111 shares. Based on an average daily volume of 61,368 shares, the short-interest ratio is presently 8.4 days. Currently, 3.1% of the shares of the stock are short sold.
Shares of AdCare Health Systems (NYSE:ADK) opened at 2.08 on Friday. The stock’s market capitalization is $40.60 million. AdCare Health Systems has a 52 week low of $1.65 and a 52 week high of $3.42. The stock has a 50 day moving average of $2.21 and a 200-day moving average of $2.15.
AdCare Health Systems (NYSE:ADK) last announced its quarterly earnings results on Monday, August 15th. The company reported ($0.34) earnings per share for the quarter. The firm had revenue of $7.20 million for the quarter, compared to analysts’ expectations of $4.50 million. On average, equities research analysts expect that AdCare Health Systems will post ($0.28) EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in ADK. Gamco Investors INC. ET AL boosted its position in shares of AdCare Health Systems by 5.7% in the second quarter. Gamco Investors INC. ET AL now owns 162,668 shares of the company’s stock valued at $299,000 after buying an additional 8,735 shares during the last quarter. Bridgeway Capital Management Inc. boosted its position in AdCare Health Systems by 49.1% in the second quarter. Bridgeway Capital Management Inc. now owns 205,000 shares of the company’s stock worth $377,000 after buying an additional 67,500 shares during the last quarter. Renaissance Technologies LLC boosted its position in AdCare Health Systems by 4.3% in the first quarter. Renaissance Technologies LLC now owns 259,700 shares of the company’s stock worth $603,000 after buying an additional 10,700 shares during the last quarter. Gabelli Funds LLC boosted its position in AdCare Health Systems by 14.7% in the second quarter. Gabelli Funds LLC now owns 768,643 shares of the company’s stock worth $1,414,000 after buying an additional 98,573 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in AdCare Health Systems by 62.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,130,034 shares of the company’s stock worth $2,622,000 after buying an additional 433,469 shares during the last quarter.
AdCare Health Systems Company Profile
AdCare Health Systems, Inc, through its subsidiaries, is a self-managed real estate investment company that invests in real estate purposed for long-term care and senior living. The Company’s business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities.
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