AdCare Health Systems, Inc. (NYSE:ADK) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 511,524 shares, a decrease of 1.1% from the September 15th total of 516,994 shares. Based on an average daily trading volume, of 18,388 shares, the short-interest ratio is currently 27.8 days. Approximately 3.0% of the company’s stock are short sold.

AdCare Health Systems (NYSE:ADK) opened at 2.02 on Thursday. AdCare Health Systems has a 12-month low of $1.65 and a 12-month high of $3.35. The firm’s market cap is $39.42 million. The company has a 50-day moving average price of $2.15 and a 200-day moving average price of $2.14.

AdCare Health Systems (NYSE:ADK) last announced its quarterly earnings data on Monday, August 15th. The company reported ($0.34) EPS for the quarter. The company earned $7.20 million during the quarter, compared to analysts’ expectations of $4.50 million. On average, analysts predict that AdCare Health Systems will post ($0.28) earnings per share for the current year.

A number of hedge funds 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 worth $299,000 after buying an additional 8,735 shares during the period. Bridgeway Capital Management Inc. boosted its position in shares of 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 period. Renaissance Technologies LLC boosted its position in shares of 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 period. Gabelli Funds LLC boosted its position in shares of 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 period. Finally, Goldman Sachs Group Inc. boosted its position in shares of 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 period.

About AdCare Health Systems

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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