National HealthCare (NYSEAMERICAN:NHC) Issues Earnings Results

National HealthCare (NYSEAMERICAN:NHC) released its quarterly earnings results on Thursday. The company reported $1.74 EPS for the quarter, FiscalAI reports. The business had revenue of $408.03 million during the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.

National HealthCare Trading Down 1.4%

NYSEAMERICAN:NHC traded down $3.15 during midday trading on Friday, hitting $216.30. 6,355 shares of the company were exchanged, compared to its average volume of 111,025. National HealthCare has a fifty-two week low of $96.99 and a fifty-two week high of $232.67. The company has a market capitalization of $3.38 billion, a PE ratio of 27.58 and a beta of 0.61. The company has a fifty day simple moving average of $208.41 and a 200 day simple moving average of $181.21.

National HealthCare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. National HealthCare’s dividend payout ratio is presently 61.89%.

Analyst Ratings Changes

Several research firms recently issued reports on NHC. Royal Bank Of Canada raised National HealthCare to a “hold” rating in a research note on Monday, May 18th. Robert W. Baird upgraded shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Finally, BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, National HealthCare currently has an average rating of “Buy”.

Insider Activity

In other news, Director Lisa Piercey acquired 949 shares of the company’s stock in a transaction on Monday, June 1st. The shares were bought at an average price of $184.26 per share, with a total value of $174,862.74. Following the completion of the acquisition, the director owned 949 shares in the company, valued at $174,862.74. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.92% of the company’s stock.

Hedge Funds Weigh In On National HealthCare

A number of hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of National HealthCare during the second quarter worth approximately $37,000. Global Retirement Partners LLC purchased a new position in National HealthCare in the 2nd quarter valued at $163,000. Bank of New York Mellon Corp acquired a new position in National HealthCare in the 2nd quarter valued at $25,854,000. State of Wyoming acquired a new position in National HealthCare in the 2nd quarter valued at $138,000. Finally, Summit Global Investments purchased a new position in National HealthCare during the 2nd quarter worth $908,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

About National HealthCare

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.