Phocas Financial Corp. Makes New Investment in Select Medical Holdings Co. (NYSE:SEM)

Phocas Financial Corp. bought a new position in shares of Select Medical Holdings Co. (NYSE:SEM) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 15,110 shares of the health services provider’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Select Medical during the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Select Medical during the 3rd quarter worth approximately $81,000. Vista Finance LLC purchased a new stake in shares of Select Medical during the 4th quarter worth approximately $193,000. Virtu Financial LLC purchased a new stake in shares of Select Medical during the 3rd quarter worth approximately $210,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Select Medical during the 3rd quarter worth approximately $232,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SEM. Royal Bank of Canada reduced their target price on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday. Benchmark raised Select Medical from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday. UBS Group reduced their target price on Select Medical from $40.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, StockNews.com raised Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.25.

Select Medical Trading Down 3.5 %

Shares of Select Medical stock opened at $18.50 on Thursday. Select Medical Holdings Co. has a fifty-two week low of $16.20 and a fifty-two week high of $40.98. The firm has a market cap of $2.39 billion, a PE ratio of 11.21, a P/E/G ratio of 0.64 and a beta of 1.45. The business’s fifty day moving average is $19.07 and its two-hundred day moving average is $27.71. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, February 20th. The health services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Select Medical had a return on equity of 14.04% and a net margin of 3.23%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analysts anticipate that Select Medical Holdings Co. will post 1.17 earnings per share for the current year.

Select Medical Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, March 3rd. Select Medical’s dividend payout ratio is presently 15.15%.

Insider Transactions at Select Medical

In other news, VP Robert G. Breighner, Jr. sold 4,989 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $19.95, for a total transaction of $99,530.55. Following the completion of the sale, the vice president now directly owns 30,356 shares in the company, valued at $605,602.20. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 17.50% of the company’s stock.

About Select Medical

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.