AdCare Health Systems, Inc. (NYSE:ADK) CEO William Mcbride III acquired 10,000 shares of the stock in a transaction on Monday, November 21st. The shares were purchased at an average cost of $1.61 per share, with a total value of $16,100.00. Following the transaction, the chief executive officer now directly owns 262,643 shares of the company’s stock, valued at approximately $422,855.23. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of AdCare Health Systems, Inc. (NYSE:ADK) traded down 2.44% during trading on Wednesday, hitting $1.60. The stock had a trading volume of 1,689 shares. The company’s market cap is $31.23 million. AdCare Health Systems, Inc. has a 12 month low of $1.50 and a 12 month high of $3.05. The stock has a 50-day moving average price of $1.79 and a 200 day moving average price of $2.02.

Several institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased 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 valued at $2,622,000 after buying an additional 433,469 shares during the period. Wedbush Securities Inc. increased its position in shares of AdCare Health Systems by 256.9% in the third quarter. Wedbush Securities Inc. now owns 174,664 shares of the company’s stock valued at $363,000 after buying an additional 125,719 shares during the period. Gabelli Funds LLC increased 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 valued at $1,414,000 after buying an additional 98,573 shares during the period. Bridgeway Capital Management Inc. increased 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 valued at $377,000 after buying an additional 67,500 shares during the period. Finally, Gamco Investors INC. ET AL increased 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 period.

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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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