Great West Life Assurance Co. Can Continues to Hold Position in National HealthCare Co. (NHC)
Great West Life Assurance Co. Can maintained its position in shares of National HealthCare Co. (NYSEMKT:NHC) during the second quarter, according to its most recent filing with the SEC. The fund owned 1,600 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in National HealthCare were worth $112,000 at the end of the most recent reporting period.
Separately, Bowling Portfolio Management LLC bought a new position in National HealthCare in the 2nd quarter valued at $870,000.
National HealthCare Co. (NYSEMKT NHC) opened at 62.24 on Tuesday. National HealthCare Co. has a 12 month low of $57.73 and a 12 month high of $78.99. The company has a market cap of $945.74 million, a P/E ratio of 19.57 and a beta of 0.91. The firm has a 50-day moving average price of $62.93 and a 200 day moving average price of $69.04.
National HealthCare (NYSEMKT:NHC) last issued its earnings results on Friday, August 4th. The company reported $0.70 earnings per share for the quarter. The firm had revenue of $239.46 million for the quarter. National HealthCare had a return on equity of 6.26% and a net margin of 4.41%. On average, equities analysts expect that National HealthCare Co. will post $2.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, September 29th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, September 28th. National HealthCare’s dividend payout ratio is presently 52.94%.
National HealthCare announced that its Board of Directors has authorized a share buyback plan on Wednesday, August 9th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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Separately, BidaskClub upgraded National HealthCare from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th.
About National HealthCare
National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.
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