National HealthCare (NYSEAMERICAN:NHC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of National HealthCare Corporation (NYSEAMERICAN:NHC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $147.81 and traded as high as $173.64. National HealthCare shares last traded at $171.42, with a volume of 64,222 shares traded.

National HealthCare Stock Performance

The business’s 50 day moving average is $165.30 and its 200 day moving average is $147.81. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 24.62 and a beta of 0.64.

National HealthCare (NYSEAMERICAN:NHC) last released its earnings results on Thursday, May 7th. The company reported $1.91 EPS for the quarter. The company had revenue of $381.82 million during the quarter. National HealthCare had a net margin of 7.91% and a return on equity of 9.59%.

National HealthCare Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.67 dividend. This is a boost from National HealthCare’s previous quarterly dividend of $0.64. The ex-dividend date is Tuesday, June 30th. This represents a $2.68 dividend on an annualized basis and a yield of 1.4%. National HealthCare’s dividend payout ratio (DPR) is 59.12%.

Institutional Trading of National HealthCare

A number of institutional investors have recently bought and sold shares of the stock. M Holdings Securities Inc. purchased a new position in National HealthCare during the 3rd quarter worth approximately $56,283,000. Morgan Stanley Institutional Investment Advisors LLC raised its position in National HealthCare by 38.6% during the 4th quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock worth $142,407,000 after buying an additional 289,566 shares during the last quarter. First Trust Advisors LP raised its position in National HealthCare by 556.4% during the 3rd quarter. First Trust Advisors LP now owns 207,483 shares of the company’s stock worth $25,211,000 after buying an additional 175,873 shares during the last quarter. Alps Advisors Inc. raised its position in National HealthCare by 19.9% during the 3rd quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock worth $21,386,000 after buying an additional 29,246 shares during the last quarter. Finally, Eversept Partners LP purchased a new position in National HealthCare during the 4th quarter worth approximately $3,918,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

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.