National HealthCare (NYSEAMERICAN:NHC) Sees Strong Trading Volume – Here’s What Happened

National HealthCare Corporation (NYSEAMERICAN:NHC) saw strong trading volume on Thursday . 65,101 shares were traded during trading, a decline of 26% from the previous session’s volume of 87,493 shares.The stock last traded at $162.2670 and had previously closed at $161.42.

National HealthCare Stock Performance

The company’s 50 day simple moving average is $156.69 and its 200-day simple moving average is $137.94. The firm has a market capitalization of $2.50 billion, a PE ratio of 20.96 and a beta of 0.60.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.83 earnings per share for the quarter. The firm had revenue of $386.51 million for the quarter. National HealthCare had a net margin of 7.91% and a return on equity of 9.59%.

National HealthCare Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be issued a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.56 annualized dividend and a dividend yield of 1.6%. National HealthCare’s dividend payout ratio (DPR) is presently 59.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in National HealthCare in the third quarter valued at approximately $25,000. Quarry LP grew its stake in National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after buying an additional 165 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of National HealthCare in the 4th quarter worth $42,000. Simplex Trading LLC raised its position in shares of National HealthCare by 140.0% during the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after buying an additional 203 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of National HealthCare during the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

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.