Dana Investment Advisors Inc. Purchases 181,436 Shares of Select Medical Holdings Corporation $SEM

Dana Investment Advisors Inc. increased its position in shares of Select Medical Holdings Corporation (NYSE:SEM) by 52.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 524,621 shares of the health services provider’s stock after purchasing an additional 181,436 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.42% of Select Medical worth $6,736,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. 8 Knots Management LLC purchased a new position in shares of Select Medical in the 2nd quarter worth approximately $26,568,000. Jane Street Group LLC purchased a new position in Select Medical in the first quarter worth $4,635,000. CSM Advisors LLC bought a new position in Select Medical in the 2nd quarter valued at $3,439,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Select Medical during the 2nd quarter valued at $3,330,000. Finally, Bank of America Corp DE raised its stake in shares of Select Medical by 10.9% during the 2nd quarter. Bank of America Corp DE now owns 1,618,662 shares of the health services provider’s stock worth $24,571,000 after purchasing an additional 158,768 shares during the period. Institutional investors own 89.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Mizuho set a $17.00 price target on shares of Select Medical in a research report on Monday, November 3rd. Weiss Ratings raised shares of Select Medical from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Royal Bank Of Canada lowered their price target on shares of Select Medical from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Wall Street Zen downgraded Select Medical from a “buy” rating to a “hold” rating in a research note on Saturday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Select Medical Stock Performance

NYSE SEM opened at $14.81 on Wednesday. Select Medical Holdings Corporation has a 52-week low of $11.65 and a 52-week high of $19.40. The company has a fifty day moving average of $15.28 and a 200-day moving average of $14.13. The company has a market capitalization of $1.84 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.04 and a current ratio of 1.04.

Select Medical (NYSE:SEM) last released its earnings results on Thursday, February 19th. The health services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). Select Medical had a net margin of 2.68% and a return on equity of 7.26%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $0.18 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Select Medical has set its FY 2026 guidance at 1.220-1.320 EPS. As a group, equities research analysts predict that Select Medical Holdings Corporation will post 1.17 EPS for the current fiscal year.

Select Medical announced that its Board of Directors has authorized a share buyback program on Thursday, February 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the health services provider to purchase up to 49.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Select Medical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be given a $0.0625 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.25 dividend on an annualized basis and a yield of 1.7%. Select Medical’s payout ratio is presently 21.74%.

Select Medical Profile

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.