Global Alpha Capital Management Ltd. Acquires 25,905 Shares of Option Care Health, Inc. (NASDAQ:OPCH)

Global Alpha Capital Management Ltd. raised its position in shares of Option Care Health, Inc. (NASDAQ:OPCH) by 108.3% during the third quarter, HoldingsChannel reports. The firm owned 49,818 shares of the company’s stock after purchasing an additional 25,905 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Option Care Health were worth $1,559,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of OPCH. UMB Bank n.a. boosted its position in shares of Option Care Health by 937.5% in the 3rd quarter. UMB Bank n.a. now owns 830 shares of the company’s stock worth $26,000 after purchasing an additional 750 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Option Care Health by 110.6% in the 3rd quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $28,000 after purchasing an additional 471 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Option Care Health by 3,362.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,489 shares of the company’s stock worth $47,000 after buying an additional 1,446 shares during the period. Blue Trust Inc. boosted its holdings in Option Care Health by 14.8% in the 2nd quarter. Blue Trust Inc. now owns 2,931 shares of the company’s stock worth $81,000 after buying an additional 377 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Option Care Health by 3,029.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,848 shares of the company’s stock valued at $91,000 after buying an additional 2,757 shares in the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Up 0.4 %

Shares of NASDAQ OPCH opened at $21.82 on Wednesday. Option Care Health, Inc. has a 12-month low of $21.39 and a 12-month high of $34.63. The stock has a market cap of $3.71 billion, a PE ratio of 18.34, a P/E/G ratio of 2.27 and a beta of 1.32. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $28.20 and a 200 day moving average of $29.26.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Option Care Health from $41.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group lowered shares of Option Care Health from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $38.00 to $27.00 in a report on Monday, November 4th. JMP Securities boosted their target price on shares of Option Care Health from $36.00 to $37.00 and gave the company a “market outperform” rating in a research report on Monday, September 30th. Jefferies Financial Group downgraded shares of Option Care Health from a “buy” rating to a “hold” rating and decreased their target price for the company from $38.00 to $26.00 in a research report on Thursday, October 31st. Finally, Bank of America downgraded shares of Option Care Health from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $29.00 in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.83.

Insider Activity at Option Care Health

In related news, CFO Michael H. Shapiro sold 23,217 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total transaction of $718,566.15. Following the completion of the transaction, the chief financial officer now owns 247,317 shares of the company’s stock, valued at approximately $7,654,461.15. This trade represents a 8.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harry M. Jansen Kraemer, Jr. acquired 43,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of $22.54 per share, with a total value of $969,220.00. Following the transaction, the director now directly owns 326,334 shares in the company, valued at $7,355,568.36. This trade represents a 15.18 % increase in their position. The disclosure for this purchase can be found here. 0.64% of the stock is owned by corporate insiders.

Option Care Health Profile

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn’s disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.