Timothy Smokoff Sells 20,000 Shares of Viemed Healthcare (NASDAQ:VMD) Stock

Viemed Healthcare, Inc. (NASDAQ:VMD) Director Timothy Smokoff sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $11.50, for a total transaction of $230,000.00. Following the transaction, the director directly owned 75,518 shares in the company, valued at $868,457. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Viemed Healthcare Stock Down 0.5%

VMD opened at $11.63 on Friday. Viemed Healthcare, Inc. has a twelve month low of $5.93 and a twelve month high of $11.88. The company’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $8.84. The stock has a market cap of $445.89 million, a price-to-earnings ratio of 31.43 and a beta of 1.12. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Viemed Healthcare (NASDAQ:VMD) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $75.41 million during the quarter, compared to analysts’ expectations of $74.40 million. Viemed Healthcare had a return on equity of 10.52% and a net margin of 5.20%. As a group, equities analysts expect that Viemed Healthcare, Inc. will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Viemed Healthcare

A number of institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Viemed Healthcare during the fourth quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new stake in Viemed Healthcare during the 4th quarter valued at about $46,000. Quarry LP purchased a new stake in Viemed Healthcare during the 3rd quarter valued at about $48,000. Diversified Trust Co bought a new position in Viemed Healthcare during the 1st quarter worth approximately $107,000. Finally, AQR Capital Management LLC bought a new position in Viemed Healthcare during the 1st quarter worth approximately $90,000. Institutional investors own 74.24% of the company’s stock.

About Viemed Healthcare

Viemed Healthcare, Inc (NASDAQ: VMD) is a provider of home-based respiratory therapy services, specializing in the management of patients requiring long-term mechanical ventilation and pulmonary support. The company’s offerings encompass invasive and noninvasive ventilation, airway clearance therapies, cough assist devices, and supplemental oxygen. Viemed combines durable medical equipment with clinical care, delivering tailored respiratory treatment plans that are overseen by licensed respiratory therapists and registered nurses.

Founded in the early 2010s and headquartered in Birmingham, Alabama, Viemed has grown its footprint to serve patients across multiple states in the United States.