Apollo Medical (NASDAQ:AMEH) Shares Up 7.2% After Insider Buying Activity

Apollo Medical Holdings Inc (NASDAQ:AMEH)’s share price shot up 7.2% during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as $16.75 and last traded at $16.11. 190,900 shares changed hands during mid-day trading, an increase of 364% from the average session volume of 41,138 shares. The stock had previously closed at $15.03.

Specifically, CEO Thomas S. Lam bought 6,900 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of $14.64 per share, for a total transaction of $101,016.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric Chin bought 2,040 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were bought at an average price of $14.72 per share, with a total value of $30,028.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 25,936 shares of company stock valued at $373,787. 20.50% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on AMEH. Zacks Investment Research raised shares of Apollo Medical from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 28th. ValuEngine lowered shares of Apollo Medical from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

The stock has a market capitalization of $526.15 million, a P/E ratio of 55.55, a PEG ratio of 4.33 and a beta of -0.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.00 and a current ratio of 2.00.

Apollo Medical (NASDAQ:AMEH) last released its quarterly earnings results on Monday, March 18th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). Apollo Medical had a return on equity of 4.87% and a net margin of 1.79%. The business had revenue of $105.46 million for the quarter. Equities analysts predict that Apollo Medical Holdings Inc will post 0.34 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Apollo Medical by 3.7% during the 1st quarter. BlackRock Inc. now owns 366,358 shares of the company’s stock valued at $6,711,000 after buying an additional 13,140 shares in the last quarter. Geode Capital Management LLC increased its stake in Apollo Medical by 3.3% in the 1st quarter. Geode Capital Management LLC now owns 189,445 shares of the company’s stock worth $3,470,000 after acquiring an additional 6,000 shares during the last quarter. Northern Trust Corp increased its stake in Apollo Medical by 5.9% in the 1st quarter. Northern Trust Corp now owns 118,464 shares of the company’s stock worth $2,171,000 after acquiring an additional 6,581 shares during the last quarter. Manchester Financial Inc. increased its stake in Apollo Medical by 18.5% in the 1st quarter. Manchester Financial Inc. now owns 92,621 shares of the company’s stock worth $1,697,000 after acquiring an additional 14,453 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Apollo Medical by 63.4% in the 4th quarter. Bank of New York Mellon Corp now owns 59,862 shares of the company’s stock worth $1,188,000 after acquiring an additional 23,217 shares during the last quarter. 6.67% of the stock is currently owned by institutional investors and hedge funds.

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About Apollo Medical (NASDAQ:AMEH)

Apollo Medical Holdings, Inc, a physician-centric integrated population health management company, provides medical care services. The company offers care coordination services to principal constituents of the healthcare delivery system, including patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans.

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