Carey P. Hendrickson, the Chief Financial Officer of U S Physical Therapy Inc. (NYSE:USPH), has sold shares of the company stock valued at over $193,000, according to a recent SEC filing. The transactions took place on March 13, 2024, with the prices per share ranging between $107.23 and $107.28.
The sale consisted of two separate transactions, with a total of 1,800 shares being sold. The first transaction involved just 12 shares at a price of $107.23 each, while the second and more significant transaction included 1,788 shares sold at $107.28 per share. Following these sales, Hendrickson's direct ownership in the company stands at 21,186 shares, which includes 15,368 restricted shares under the company's Amended and Restated 2003 Stock Incentive Plan. According to the footnotes in the filing, the restrictions on these shares are set to lapse on a staggered schedule through January 1, 2028, conditional upon Hendrickson's continued employment with the company.
Investors and market watchers often look to insider transactions such as these for signals about a company's financial health and future prospects. However, it is important to note that there can be various reasons for an insider to sell shares, and such transactions do not necessarily indicate a lack of confidence in the firm.
U S Physical Therapy Inc., based in Houston, Texas, specializes in providing outpatient physical therapy services across numerous clinics in the United States. The company's stock is publicly traded, and these recent transactions are part of the routine disclosures required by company executives.
InvestingPro Insights
Amid the recent insider transactions at U S Physical Therapy Inc. (NYSE:USPH), investors may find additional context in the company's financial metrics and analyst expectations. As of the last twelve months ending Q4 2023, the company boasts a market capitalization of approximately $1.6 billion and has demonstrated a revenue growth of 9.32%, indicating an expanding operational scale. Notably, USPH has a relatively high Price/Earnings (P/E) ratio of 83.07, which suggests that investors may expect higher earnings growth in the future compared to the broader market.
Two InvestingPro Tips that can provide further insights into the company's performance include the fact that USPH has raised its dividend for 3 consecutive years and maintained dividend payments for 14 consecutive years. This consistent return to shareholders may be appealing for those looking for steady income streams. Additionally, the company's net income is expected to grow this year, which could be a positive sign for future stock performance. On the flip side, it's worth noting that 3 analysts have revised their earnings estimates downwards for the upcoming period, which could indicate potential headwinds.
For investors seeking a deeper analysis, there are 13 additional InvestingPro Tips available, which can be accessed through the dedicated page for USPH at InvestingPro: https://www.investing.com/pro/USPH. To further enhance your investment research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of financial data and expert insights.
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