Denali Advisors LLC Purchases 9,800 Shares of National HealthCare Corporation $NHC

Denali Advisors LLC increased its holdings in National HealthCare Corporation (NYSEAMERICAN:NHC) by 74.8% during the second quarter, Holdings Channel reports. The firm owned 22,900 shares of the company’s stock after acquiring an additional 9,800 shares during the quarter. Denali Advisors LLC’s holdings in National HealthCare were worth $4,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of National HealthCare in the second quarter worth about $37,000. Caitong International Asset Management Co. Ltd bought a new position in National HealthCare during the third quarter valued at approximately $25,000. Quarry LP grew its holdings in National HealthCare by 171.9% during the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after buying an additional 165 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in National HealthCare during the 4th quarter valued at approximately $42,000. Finally, EverSource Wealth Advisors LLC increased its stake in National HealthCare by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock worth $50,000 after acquiring an additional 69 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors.

National HealthCare Trading Down 0.1%

Shares of NYSEAMERICAN NHC opened at $234.04 on Thursday. National HealthCare Corporation has a 12-month low of $109.53 and a 12-month high of $239.19. The stock’s fifty day simple moving average is $215.00 and its two-hundred day simple moving average is $186.44. The stock has a market capitalization of $3.67 billion, a PE ratio of 26.33 and a beta of 0.61.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.74 EPS for the quarter. The firm had revenue of $408.03 million during the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.

National HealthCare Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders 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 dividend on an annualized basis and a yield of 1.1%. National HealthCare’s payout ratio is currently 61.89%.

Insider Activity at National HealthCare

In other news, Director Lisa Piercey purchased 949 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $184.26 per share, with a total value of $174,862.74. Following the completion of the transaction, the director owned 949 shares in the company, valued at $174,862.74. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 13.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

National HealthCare Company Profile

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.