It is currently trading at $11.82 just a bit higher than $11.19, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $10.21. The 50 day moving average was up $0.63 whereas the 200 day moving average was up $1.61 or +15.80%. Trading volume for Diversicare Healthcare Services was 28K in the last trading session. Volume was up 239.77% over the stocks average daily volume.
Investors are feeling more bullish on Diversicare Healthcare Services of late if you take note of the downtick in short interest. The firm had a fall in short interest between September 29, 2017 and October 13, 2017 of -54.96%. Short interest decreased 3,169 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. Renaissance Technologies LLC expanded its investment by buying 600 shares an increase of 0.6% in the quarter. Renaissance Technologies LLC controls 106,800 shares worth $993,000. The total value of its holdings decreased 10.8%. Blackrock Inc. reduced its stake by selling 1,375 shares a decrease of 65.7% as of 06/30/2017. Blackrock Inc. claims 719 shares valued at $7,000. The value of the position overall is down by 68.2%.
As of quarter end Osmium Partners, LLC had bought 44,976 shares growing its position 7.5%. The value of the investment in DVCR decreased from $6,250,000 to $5,966,000 a change of $284,000 for the reporting period. As of the end of the quarter Tower Research Capital LLC (trc) had acquired a total of 246 shares growing its stake by 98.8%. The value of the total investment in Diversicare Healthcare Services went from $3,000 to $5,000 a change of 66.7% quarter to quarter.
The company is so far trading up by 2.87% percent from yesterday’s close. The company declared a dividend for shareholders paid on Monday October 16th, 2017. The dividend was $0.055 per share for the quarter or $0.22 annualized. This dividend amount represented a yield of $1.90. The ex-dividend date was Thursday the 28th of September 2017.
The P/E ratio is currently 34.66 and market capitalization is 76.33M.
Diversicare Healthcare Services, Inc., launched on January 31, 1994, provides post-acute care services to nursing center patients and residents in approximately nine states, primarily in the Southeast and the Southwest United States. The Business’s services to patients and residents include skilled nursing, ancillary healthcare services and assisted living. In addition to the nursing, personal care and social services that are provided in long-term care centers, the Company offers a range of rehabilitative, nutritional, respiratory and other ancillary services. The Company operates in Alabama, Florida, Indiana, Kansas, Kentucky, Missouri, Ohio, Tennessee and Texas..