National HealthCare (NYSEAMERICAN:NHC) Releases Earnings Results

National HealthCare (NYSEAMERICAN:NHC) posted its quarterly earnings data on Thursday. The company reported $1.76 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $407.97 million during the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.

National HealthCare Stock Down 2.3%

Shares of NYSEAMERICAN NHC traded down $4.78 during trading hours on Thursday, reaching $207.62. 120,957 shares of the stock traded hands, compared to its average volume of 143,103. The company has a market capitalization of $3.25 billion, a P/E ratio of 30.60 and a beta of 0.64. National HealthCare has a 52-week low of $122.47 and a 52-week high of $248.20. The company’s 50-day simple moving average is $224.29 and its two-hundred day simple moving average is $195.12.

Insider Buying and Selling

In other National HealthCare news, CEO Stephen Fowler Flatt sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total transaction of $355,620.00. Following the transaction, the chief executive officer directly owned 65,487 shares in the company, valued at $15,525,657.96. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Josh A. Mccreary sold 2,719 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $224.23, for a total transaction of $609,681.37. Following the transaction, the vice president owned 9,979 shares in the company, valued at $2,237,591.17. The trade was a 21.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,645 shares of company stock worth $3,991,668 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.

Institutional Investors Weigh In On National HealthCare

Hedge funds have recently made changes to their positions in the business. Maryland State Retirement & Pension System boosted its stake in shares of National HealthCare by 54.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 2,816 shares of the company’s stock valued at $618,000 after purchasing an additional 993 shares in the last quarter. Ritholtz Wealth Management raised its position in National HealthCare by 16.8% in the 3rd quarter. Ritholtz Wealth Management now owns 15,729 shares of the company’s stock worth $3,453,000 after purchasing an additional 2,260 shares during the period. Jefferies Financial Group Inc. bought a new stake in National HealthCare in the third quarter worth $2,223,000. D Orazio & Associates Inc. bought a new stake in National HealthCare in the third quarter worth $206,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in National HealthCare by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 41,306 shares of the company’s stock worth $9,226,000 after purchasing an additional 419 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors.

National HealthCare Company Profile

National HealthCare Corporation (NHC) is a provider of post-acute and senior healthcare services. The company operates skilled nursing centers, assisted living and memory care communities, and rehabilitation facilities. Its services are designed to support patients recovering from illness or injury, as well as older adults requiring long-term residential care.

NHC also provides home healthcare, hospice, and private-duty nursing services, allowing patients to receive medical and supportive care in their homes or in hospice settings.