National HealthCare (NYSEAMERICAN:NHC) Reaches New 1-Year High – Time to Buy?

Shares of National HealthCare Corporation (NYSEAMERICAN:NHC) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $239.82 and last traded at $238.01, with a volume of 3,442 shares. The stock had previously closed at $231.39.

National HealthCare Stock Performance

The company has a 50 day simple moving average of $224.64 and a 200 day simple moving average of $204.40. The company has a market capitalization of $3.77 billion, a PE ratio of 27.06 and a beta of 0.60.

National HealthCare (NYSEAMERICAN:NHC) last announced its earnings results on Thursday, August 6th. The company reported $1.74 EPS for the quarter. The business 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 declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 30th. National HealthCare’s payout ratio is presently 61.89%.

Insider Transactions at National HealthCare

In other National HealthCare news, VP Josh A. Mccreary sold 2,719 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $224.23, for a total value of $609,681.37. Following the transaction, the vice president owned 9,979 shares in the company, valued at approximately $2,237,591.17. This trade represents a 21.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen Fowler Flatt sold 1,500 shares of National HealthCare stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $237.08, for a total transaction of $355,620.00. Following the sale, the chief executive officer directly owned 65,487 shares in the company, valued at approximately $15,525,657.96. This trade represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,645 shares of company stock worth $3,991,668 in the last quarter. 13.92% of the stock is owned by insiders.

Institutional Investors Weigh In On National HealthCare

Hedge funds have recently modified their holdings of the business. Allworth Financial LP purchased a new position in shares of National HealthCare in the second quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in National HealthCare during the second quarter worth about $37,000. Fortitude Family Office LLC grew its stake in National HealthCare by 1,435.7% during the 3rd quarter. Fortitude Family Office LLC now owns 215 shares of the company’s stock valued at $47,000 after acquiring an additional 201 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in National HealthCare during the 2nd quarter valued at about $48,000. Finally, EverSource Wealth Advisors LLC raised its holdings in National HealthCare by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after acquiring an additional 69 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Company Profile

National HealthCare Corporation (NHC) is a healthcare services company that provides post-acute and long-term care through a network of skilled nursing centers, rehabilitation facilities, assisted living communities and memory care services. The company also offers home health, hospice and palliative care, behavioral health services, and other related healthcare programs.

NHC serves patients and residents primarily across the southeastern United States. Its services are designed to support individuals recovering from illness or injury, managing chronic conditions, or requiring long-term assistance and residential care.