Summit Creek Advisors LLC bought a new stake in shares of Almost Family Inc (NASDAQ:AFAM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 145,430 shares of the company’s stock, valued at approximately $7,810,000. Summit Creek Advisors LLC owned about 1.06% of Almost Family as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its position in shares of Almost Family by 0.3% during the 2nd quarter. Capstone Asset Management Co. now owns 6,663 shares of the company’s stock valued at $411,000 after purchasing an additional 20 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Almost Family by 0.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,795 shares of the company’s stock valued at $727,000 after purchasing an additional 70 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Almost Family by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 8,704 shares of the company’s stock valued at $537,000 after purchasing an additional 73 shares during the last quarter. Eagle Global Advisors LLC increased its position in shares of Almost Family by 1.4% during the 2nd quarter. Eagle Global Advisors LLC now owns 6,132 shares of the company’s stock valued at $378,000 after purchasing an additional 82 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Almost Family by 7.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,810 shares of the company’s stock valued at $173,000 after purchasing an additional 190 shares during the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Summit Creek Advisors LLC Buys Shares of 145,430 Almost Family Inc (AFAM)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/23/summit-creek-advisors-llc-buys-shares-of-145430-almost-family-inc-afam.html.

AFAM has been the topic of several research analyst reports. Zacks Investment Research downgraded Almost Family from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Robert W. Baird downgraded Almost Family from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $55.00 to $64.00 in a research report on Monday, July 10th. BidaskClub downgraded Almost Family from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine raised Almost Family from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co initiated coverage on Almost Family in a research report on Monday, October 9th. They issued a “neutral” rating and a $54.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $56.50.

Almost Family Inc (AFAM) traded down 0.42% during mid-day trading on Monday, reaching $47.35. The company had a trading volume of 8,717 shares. Almost Family Inc has a 12 month low of $36.75 and a 12 month high of $62.95. The firm’s 50 day moving average price is $48.84 and its 200-day moving average price is $52.46. The company has a market capitalization of $649.50 million, a price-to-earnings ratio of 32.23 and a beta of 0.47.

Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The firm had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $205.48 million. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. Equities research analysts anticipate that Almost Family Inc will post $2.15 earnings per share for the current year.

In related news, SVP John Shermyen sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $52.00, for a total value of $104,000.00. Following the transaction, the senior vice president now owns 79,864 shares in the company, valued at approximately $4,152,928. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.10% of the company’s stock.

Almost Family Company Profile

Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.

Institutional Ownership by Quarter for Almost Family (NASDAQ:AFAM)

Receive News & Stock Ratings for Almost Family Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almost Family Inc and related stocks with our FREE daily email newsletter.