The Providence Service Corp. (NASDAQ:PRSC) CEO James M. Lindstrom purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was bought at an average price of $37.75 per share, for a total transaction of $56,625.00. Following the transaction, the chief executive officer now directly owns 27,653 shares of the company’s stock, valued at approximately $1,043,900.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

The Providence Service Corp. (NASDAQ:PRSC) traded down 0.65% on Wednesday, reaching $36.96. The company’s stock had a trading volume of 59,790 shares. The stock’s 50 day moving average price is $42.38 and its 200 day moving average price is $46.04. The Providence Service Corp. has a 52-week low of $36.64 and a 52-week high of $55.28. The firm has a market cap of $523.54 million, a PE ratio of 8.02 and a beta of 1.08.

The Providence Service Corp. (NASDAQ:PRSC) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by $0.02. The firm had revenue of $412.50 million for the quarter, compared to the consensus estimate of $417 million. The Providence Service Corp. had a net margin of 3.90% and a return on equity of 11.59%. The Providence Service Corp.’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. Equities research analysts expect that The Providence Service Corp. will post $2.16 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for The Providence Service Corp. (NASDAQ:PRSC)

A number of brokerages recently commented on PRSC. Zacks Investment Research cut The Providence Service Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Avondale Partners cut The Providence Service Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 10th. Finally, TheStreet cut The Providence Service Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th.

Several institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC purchased a new position in shares of The Providence Service Corp. during the second quarter valued at approximately $107,000. Municipal Employees Retirement System of Michigan raised its position in shares of The Providence Service Corp. by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,700 shares of the company’s stock valued at $131,000 after buying an additional 40 shares during the period. Sei Investments Co. raised its position in shares of The Providence Service Corp. by 70.5% in the third quarter. Sei Investments Co. now owns 3,083 shares of the company’s stock valued at $150,000 after buying an additional 1,275 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of The Providence Service Corp. by 84.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,832 shares of the company’s stock valued at $172,000 after buying an additional 1,756 shares during the period. Finally, Capstone Asset Management Co. purchased a new position in shares of The Providence Service Corp. during the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 93.33% of the company’s stock.

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About The Providence Service Corp.

The Providence Service Corporation is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services).

5 Day Chart for NASDAQ:PRSC

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