HOUSTON—Carey Hendrickson, the Chief Financial Officer of U S Physical Therapy Inc. (NYSE:USPH), recently sold 516 shares of the company's common stock. The transaction, which took place on December 9, involved shares sold at a price of $96.25 each, totaling approximately $49,665. The sale comes as USPH, a $1.46 billion market cap company, trades near $96.60, showing a 9.76% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value.
Following this sale, Hendrickson retains direct ownership of 20,469 shares. Notably, this includes 11,046 shares granted as restricted stock under the company's Amended and Restated 2003 Stock Incentive Plan. The restrictions on these shares are set to lapse incrementally over the coming years, contingent upon Hendrickson's continued role with the company. InvestingPro data shows USPH maintains a solid 1.82% dividend yield and has maintained dividend payments for 14 consecutive years. Discover more insights and 10 additional ProTips with an InvestingPro subscription.
In other recent news, U.S. Physical Therapy has announced its Q3 2024 financial results. The earnings call was spearheaded by Chairman and CEO Chris Reading, alongside key executives such as CFO Carey Hendrickson and President and COO Eric Williams. While the company refrained from disclosing specific financial performance details within the summary, forward-looking statements were presented, indicating expectations for future performance. Nevertheless, the company cautioned that these projections may vary from actual results due to inherent risks and uncertainties. For a more detailed understanding of these potential risks, investors were directed to U.S. Physical Therapy's SEC filings. The company's outlook, while optimistic, acknowledges the possible challenges that lie ahead. This is a recent development in the company's operations.
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