National HealthCare (NYSEAMERICAN:NHC) Issues Earnings Results

National HealthCare (NYSEAMERICAN:NHC) issued its earnings results on Thursday. The company reported $1.74 earnings per share for the quarter, FiscalAI reports. National HealthCare had a net margin of 9.00% and a return on equity of 10.15%. The company had revenue of $408.03 million for the quarter.

National HealthCare Price Performance

National HealthCare stock traded down $3.91 during mid-day trading on Friday, hitting $215.54. 128,710 shares of the company were exchanged, compared to its average volume of 108,665. National HealthCare has a 12-month low of $96.99 and a 12-month high of $232.67. The business’s 50 day simple moving average is $209.03 and its two-hundred day simple moving average is $181.45. The company has a market capitalization of $3.37 billion, a P/E ratio of 24.25 and a beta of 0.61.

National HealthCare Dividend Announcement

The business also recently disclosed 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 1.2%. The ex-dividend date is Wednesday, September 30th. National HealthCare’s payout ratio is currently 61.89%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird raised National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. BMO Capital Markets raised National HealthCare to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised 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 research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Insider Activity at National HealthCare

In other news, Director Lisa Piercey acquired 949 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $184.26 per share, with a total value of $174,862.74. Following the completion of the transaction, the director directly owned 949 shares in the company, valued at approximately $174,862.74. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National HealthCare

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in National HealthCare in the 2nd quarter valued at about $417,602,000. Deutsche Bank AG acquired a new stake in shares of National HealthCare in the second quarter worth approximately $5,711,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in National HealthCare in the second quarter valued at approximately $37,000. Global Retirement Partners LLC purchased a new stake in National HealthCare in the second quarter valued at approximately $163,000. Finally, Bank of New York Mellon Corp acquired a new position in National HealthCare during the second quarter worth approximately $25,854,000. 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.