Insider Selling: Viemed Healthcare, Inc. (NASDAQ:VMD) VP Sells 4,880 Shares of Stock

Key Points

• Jerome Cambre, VP of Viemed Healthcare, sold 4,880 shares of the company's stock on August 13th for a total of $35,721.60, reducing his holdings by 5.48% to 84,191 shares.
• Following the sale, Viemed Healthcare’s stock traded down 6.0% to $6.89, with a market capitalization of $267.24 million.
• Hedge funds own 74.24% of Viemed Healthcare's stock, with notable acquisitions by firms like Corton Capital Inc. and AQR Capital Management LLC in recent quarters.

Viemed Healthcare, Inc. (NASDAQ:VMD - Get Free Report) VP Jerome Cambre sold 4,880 shares of Viemed Healthcare stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $7.32, for a total value of $35,721.60. Following the sale, the vice president owned 84,191 shares of the company's stock, valued at approximately $616,278.12. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Viemed Healthcare Stock Performance

NASDAQ:VMD traded up $0.06 during midday trading on Tuesday, reaching $6.98. The stock had a trading volume of 17,288 shares, compared to its average volume of 174,126. Viemed Healthcare, Inc. has a 1-year low of $5.93 and a 1-year high of $9.81. The firm's fifty day simple moving average is $6.72 and its 200-day simple moving average is $7.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 1.37. The stock has a market capitalization of $270.56 million, a P/E ratio of 20.49 and a beta of 1.33.

Viemed Healthcare (NASDAQ:VMD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. Viemed Healthcare had a net margin of 5.80% and a return on equity of 10.38%. The business had revenue of $63.06 million for the quarter, compared to analyst estimates of $63.50 million.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Divisadero Street Capital Management LP increased its position in shares of Viemed Healthcare by 84.8% during the fourth quarter. Divisadero Street Capital Management LP now owns 646,273 shares of the company's stock valued at $5,183,000 after purchasing an additional 296,481 shares during the period. Wasatch Advisors LP increased its position in shares of Viemed Healthcare by 18.4% during the second quarter. Wasatch Advisors LP now owns 1,546,010 shares of the company's stock valued at $10,683,000 after purchasing an additional 240,346 shares during the period. Forager Capital Management LLC increased its position in shares of Viemed Healthcare by 12.1% during the second quarter. Forager Capital Management LLC now owns 2,136,472 shares of the company's stock valued at $14,763,000 after purchasing an additional 230,670 shares during the period. Expect Equity LLC bought a new stake in shares of Viemed Healthcare during the fourth quarter valued at approximately $1,369,000. Finally, JPMorgan Chase & Co. increased its position in shares of Viemed Healthcare by 131.4% during the fourth quarter. JPMorgan Chase & Co. now owns 228,652 shares of the company's stock valued at $1,834,000 after purchasing an additional 129,854 shares during the period. 74.24% of the stock is owned by institutional investors.

Viemed Healthcare Company Profile

Viemed Healthcare, Inc, together with its subsidiaries, provides home medical equipment (HME) and post-acute respiratory healthcare services to patients in the United States. It provides respiratory disease management solutions, including treatment of chronic obstructive pulmonary disease (COPD), which include non-invasive ventilation, percussion vests, and other therapies; and invasive and non-invasive ventilation and related equipment and supplies to patients suffering from COPD.