Insider Selling: U.S. Physical Therapy (NYSE:USPH) Director Sells 600 Shares of Stock

Key Points

• Nancy Ham, a director of U.S. Physical Therapy, sold 600 shares on September 11th for approximately $49,026, decreasing her position by 23.13%.
• U.S. Physical Therapy reported 18% year-over-year revenue growth and earnings per share (EPS) of $0.81, exceeding analysts' expectations of $0.71.
• The company recently announced a quarterly dividend of $0.45 per share, which translates to an annualized yield of 2.2% and a payout ratio of 78.60%.

U.S. Physical Therapy, Inc. (NYSE:USPH - Get Free Report) Director Nancy Ham sold 600 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.71, for a total value of $49,026.00. Following the completion of the transaction, the director directly owned 1,994 shares in the company, valued at approximately $162,929.74. This trade represents a 23.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

U.S. Physical Therapy Trading Up 1.2%

Shares of USPH stock traded up $0.95 during trading hours on Thursday, reaching $81.97. The company had a trading volume of 121,850 shares, compared to its average volume of 142,766. The company has a 50 day moving average of $80.00 and a 200 day moving average of $76.66. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 4.23 and a beta of 1.47. U.S. Physical Therapy, Inc. has a 1-year low of $62.77 and a 1-year high of $101.19.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.10. U.S. Physical Therapy had a net margin of 5.05% and a return on equity of 8.78%. The business had revenue of $197.34 million during the quarter, compared to analysts' expectations of $190.24 million. During the same quarter in the prior year, the company earned $0.73 EPS. The firm's quarterly revenue was up 18.0% on a year-over-year basis. On average, equities research analysts anticipate that U.S. Physical Therapy, Inc. will post 2.67 EPS for the current year.

U.S. Physical Therapy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 22nd. U.S. Physical Therapy's dividend payout ratio is 78.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barrington Research raised their price objective on U.S. Physical Therapy from $98.00 to $103.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Zacks Research upgraded U.S. Physical Therapy to a "hold" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.25.

Hedge Funds Weigh In On U.S. Physical Therapy

A number of hedge funds and other institutional investors have recently bought and sold shares of USPH. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in U.S. Physical Therapy by 952.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 442 shares of the company's stock worth $32,000 after acquiring an additional 400 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in U.S. Physical Therapy by 171.8% during the second quarter. Cullen Frost Bankers Inc. now owns 443 shares of the company's stock worth $35,000 after acquiring an additional 280 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in U.S. Physical Therapy during the fourth quarter worth approximately $39,000. Parallel Advisors LLC lifted its position in U.S. Physical Therapy by 90.6% during the second quarter. Parallel Advisors LLC now owns 448 shares of the company's stock worth $35,000 after acquiring an additional 213 shares during the last quarter. Finally, Assetmark Inc. lifted its position in U.S. Physical Therapy by 35.7% during the second quarter. Assetmark Inc. now owns 570 shares of the company's stock worth $45,000 after acquiring an additional 150 shares during the last quarter.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.

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