U.S. Physical Therapy Inc. (NYSE:USPH) reported that Nancy Ham, a member of the company’s board of directors, sold 500 shares of common stock on March 13, 2024. The transaction was executed at a price of $107.89 per share, totaling over $53,945.
The recent sale by Ham has adjusted her direct ownership in the company, leaving her with 860 shares following the transaction. It is important to note that this figure includes 400 shares of restricted stock that were granted under the company's equity plans. These shares are set to become unrestricted on April 1, 2024, contingent upon Ham's continued service as a director by that date.
Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects. However, it should be considered that insider sales can occur for various reasons and may not always reflect a bearish stance on the company’s future performance.
U.S. Physical Therapy Inc., headquartered in Houston, Texas, operates clinics nationwide that provide outpatient physical therapy services. The company's shares are publicly traded on the New York Stock Exchange under the ticker symbol USPH.
InvestingPro Insights
In light of the recent insider transaction at U.S. Physical Therapy Inc. (NYSE:USPH), where board member Nancy Ham sold 500 shares, investors may be seeking additional context to understand the company's financial health and market performance. Here are some key metrics and tips from InvestingPro that could provide further insights:
- U.S. Physical Therapy Inc. is currently trading at a high earnings multiple with a P/E ratio of 83.07, which suggests investor confidence in the company's future earnings potential. The adjusted P/E ratio for the last twelve months as of Q4 2023 is 63.51.
- The company has experienced a revenue growth of 9.32% over the last twelve months as of Q4 2023, reflecting its ability to expand its operations in a competitive market.
- Investors might be interested to know that USPH has a solid track record when it comes to dividends, having raised its dividend for 3 consecutive years and maintained dividend payments for 14 consecutive years, with a dividend yield of 1.63% as of the latest data.
Additionally, an InvestingPro Tip worth mentioning is that USPH has demonstrated strong returns, with a 16.98% price total return over the last three months. This performance could be indicative of the company's robust market position and investor optimism about its future prospects.
For investors seeking more comprehensive analysis, there are additional InvestingPro Tips available, which include insights such as net income growth expectations for the year and the company's liquidity position. To access these tips and further enhance your investment strategy, visit InvestingPro and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 14 additional InvestingPro Tips for U.S. Physical Therapy Inc. that can help investors make more informed decisions.
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