U.S. Physical Therapy, Inc. (NYSE:USPH) CFO Sells $45,121.80 in Stock

U.S. Physical Therapy, Inc. (NYSE:USPH – Get Rating) CFO Carey P. Hendrickson sold 471 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $95.80, for a total transaction of $45,121.80. Following the completion of the sale, the chief financial officer now directly owns 14,886 shares in the company, valued at approximately $1,426,078.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

U.S. Physical Therapy Price Performance

Shares of U.S. Physical Therapy stock opened at $92.99 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 41.33, a P/E/G ratio of 3.68 and a beta of 1.34. U.S. Physical Therapy, Inc. has a 1-year low of $73.30 and a 1-year high of $131.50. The firm’s 50-day moving average price is $96.56 and its two-hundred day moving average price is $87.22.

U.S. Physical Therapy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 7th. Shareholders of record on Friday, March 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.85%. This is a boost from U.S. Physical Therapy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, March 9th. U.S. Physical Therapy’s dividend payout ratio is currently 76.44%.

Institutional Trading of U.S. Physical Therapy

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in U.S. Physical Therapy by 1.1% during the first quarter. BlackRock Inc. now owns 2,076,064 shares of the company’s stock worth $206,466,000 after buying an additional 22,653 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of U.S. Physical Therapy by 2.1% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,542,130 shares of the company’s stock valued at $117,233,000 after purchasing an additional 31,732 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of U.S. Physical Therapy by 1.1% in the first quarter. Vanguard Group Inc. now owns 927,480 shares of the company’s stock valued at $92,238,000 after purchasing an additional 10,015 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of U.S. Physical Therapy by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 915,831 shares of the company’s stock valued at $74,210,000 after purchasing an additional 3,618 shares in the last quarter. Finally, Morgan Stanley raised its position in U.S. Physical Therapy by 438.2% in the 4th quarter. Morgan Stanley now owns 702,170 shares of the company’s stock worth $56,897,000 after purchasing an additional 571,710 shares during the last quarter. 98.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on USPH. StockNews.com began coverage on shares of U.S. Physical Therapy in a research note on Thursday. They issued a “sell” rating on the stock. Barrington Research upped their target price on shares of U.S. Physical Therapy from $107.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, February 24th.

U.S. Physical Therapy Company Profile

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U.S. Physical Therapy, Inc operates outpatient physical therapy clinics, which 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. It operates through the following segments: physical therapy operations and industrial injury prevention services.