Select Medical Holdings Corporation (NYSE:SEM – Get Free Report) declared a quarterly dividend on Thursday, February 12th. Investors of record on Monday, March 2nd will be given a dividend of 0.0625 per share by the health services provider on Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd.
Select Medical has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Select Medical to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 17.7%.
Select Medical Stock Performance
SEM stock opened at $14.94 on Friday. The firm has a 50 day moving average of $15.28 and a two-hundred day moving average of $14.16. Select Medical has a 12 month low of $11.65 and a 12 month high of $18.60. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.85 and a beta of 1.25. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.
Institutional Trading of Select Medical
Several hedge funds and other institutional investors have recently bought and sold shares of SEM. Mitsubishi UFJ Trust & Banking Corp increased its stake in Select Medical by 889.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 64,094 shares of the health services provider’s stock valued at $823,000 after acquiring an additional 57,618 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Select Medical by 21.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 430,472 shares of the health services provider’s stock worth $5,527,000 after purchasing an additional 75,530 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Select Medical during the second quarter valued at approximately $1,319,000. Dana Investment Advisors Inc. raised its stake in shares of Select Medical by 52.9% in the third quarter. Dana Investment Advisors Inc. now owns 524,621 shares of the health services provider’s stock valued at $6,736,000 after purchasing an additional 181,436 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in Select Medical by 38.3% in the second quarter. Segall Bryant & Hamill LLC now owns 139,435 shares of the health services provider’s stock worth $2,117,000 after purchasing an additional 38,607 shares during the period. 89.48% of the stock is currently owned by institutional investors and hedge funds.
About Select Medical
Select Medical is a leading provider of specialized healthcare services in the United States, operating through two primary business segments: Hospital Division and Outpatient Rehabilitation Division. The Hospital Division offers long-term acute care (LTAC) hospitals and inpatient rehabilitation facilities (IRFs) that serve patients recovering from complex illnesses, trauma or surgery. The Outpatient Rehabilitation Division delivers physical, occupational and speech therapy services through a network of clinic locations and home-based care programs.
Headquartered in Mechanicsburg, Pennsylvania, Select Medical was founded in 1996 and has grown through strategic partnerships, joint ventures and acquisitions.
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