Viemed Healthcare (NASDAQ:VMD) Trading 1.2% Higher – What’s Next?

Viemed Healthcare, Inc. (NASDAQ:VMD)’s share price shot up 1.2% during mid-day trading on Thursday . The stock traded as high as $7.25 and last traded at $7.17. 96,426 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 145,052 shares. The stock had previously closed at $7.08.

Viemed Healthcare Trading Up 1.2%

The firm’s 50 day moving average price is $6.80 and its 200-day moving average price is $7.36. The stock has a market cap of $283.16 million, a P/E ratio of 23.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.38 and a quick ratio of 1.26.

Viemed Healthcare (NASDAQ:VMD) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $59.10 million during the quarter, compared to analyst estimates of $60.60 million. Viemed Healthcare had a net margin of 5.28% and a return on equity of 9.49%.

Insider Activity at Viemed Healthcare

In other news, Director Nitin Kaushal sold 34,100 shares of the company’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $7.01, for a total transaction of $239,041.00. Following the transaction, the director directly owned 126,843 shares of the company’s stock, valued at $889,169.43. This represents a 21.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Viemed Healthcare

Several large investors have recently bought and sold shares of the business. Divisadero Street Capital Management LP lifted its stake in Viemed Healthcare by 84.8% during the 4th quarter. Divisadero Street Capital Management LP now owns 646,273 shares of the company’s stock valued at $5,183,000 after acquiring an additional 296,481 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Viemed Healthcare by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 373,000 shares of the company’s stock valued at $2,991,000 after purchasing an additional 8,400 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Viemed Healthcare by 196.5% during the fourth quarter. First Eagle Investment Management LLC now owns 328,824 shares of the company’s stock valued at $2,637,000 after purchasing an additional 217,923 shares during the period. Apis Capital Advisors LLC boosted its holdings in Viemed Healthcare by 8.7% in the first quarter. Apis Capital Advisors LLC now owns 304,000 shares of the company’s stock worth $2,213,000 after purchasing an additional 24,400 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Viemed Healthcare by 1.8% in the fourth quarter. Northern Trust Corp now owns 286,818 shares of the company’s stock worth $2,300,000 after purchasing an additional 5,090 shares during the last quarter. 74.24% of the stock is currently owned by institutional investors.

About Viemed Healthcare

Viemed Healthcare, Inc, together with its subsidiaries, provides home medical equipment (HME) and post-acute respiratory healthcare services to patients in the United States. It provides respiratory disease management solutions, including treatment of chronic obstructive pulmonary disease (COPD), which include non-invasive ventilation, percussion vests, and other therapies; and invasive and non-invasive ventilation and related equipment and supplies to patients suffering from COPD.