Peregrine Capital Management LLC Acquires 45,490 Shares of Addus HomeCare Corporation $ADUS

Peregrine Capital Management LLC grew its holdings in shares of Addus HomeCare Corporation (NASDAQ:ADUS) by 25,272.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,670 shares of the company’s stock after buying an additional 45,490 shares during the period. Peregrine Capital Management LLC owned approximately 0.25% of Addus HomeCare worth $5,389,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ADUS. State of Wyoming acquired a new position in shares of Addus HomeCare during the 2nd quarter valued at $47,000. Raymond James Financial Inc. bought a new stake in Addus HomeCare in the second quarter valued at $61,000. Blue Trust Inc. increased its stake in Addus HomeCare by 42.9% in the third quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $63,000 after purchasing an additional 161 shares in the last quarter. CWM LLC raised its holdings in shares of Addus HomeCare by 25.3% during the second quarter. CWM LLC now owns 554 shares of the company’s stock valued at $64,000 after purchasing an additional 112 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Addus HomeCare by 560.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 561 shares of the company’s stock worth $65,000 after purchasing an additional 476 shares in the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Insider Buying and Selling at Addus HomeCare

In related news, EVP Darby Anderson sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the transaction, the executive vice president directly owned 44,144 shares of the company’s stock, valued at $4,811,696. This trade represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 20,316 shares of company stock worth $2,215,998 over the last 90 days. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ADUS. BMO Capital Markets began coverage on Addus HomeCare in a research report on Thursday, November 13th. They issued a “market perform” rating and a $120.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, October 8th. Barclays upped their target price on Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. Cowen reiterated a “buy” rating on shares of Addus HomeCare in a report on Wednesday, November 5th. Finally, Truist Financial set a $135.00 price target on shares of Addus HomeCare and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Addus HomeCare Stock Down 2.3%

Shares of NASDAQ:ADUS opened at $109.72 on Friday. The business’s 50 day moving average is $113.11 and its 200 day moving average is $113.42. Addus HomeCare Corporation has a 12-month low of $88.96 and a 12-month high of $136.72. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.35 and a beta of 0.92. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.14.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.03. The business had revenue of $362.30 million for the quarter, compared to analysts’ expectations of $354.48 million. Addus HomeCare had a return on equity of 9.53% and a net margin of 6.36%.The business’s revenue was up 25.0% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. On average, sell-side analysts forecast that Addus HomeCare Corporation will post 4.59 earnings per share for the current fiscal year.

About Addus HomeCare

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.