Bridge City Capital LLC Buys Shares of 16,321 National HealthCare Corporation $NHC

Bridge City Capital LLC bought a new stake in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,321 shares of the company’s stock, valued at approximately $2,237,000.

A number of other institutional investors also recently modified their holdings of the stock. ProShare Advisors LLC boosted its stake in shares of National HealthCare by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock valued at $338,000 after buying an additional 78 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of National HealthCare by 2.2% during the 4th quarter. State of Alaska Department of Revenue now owns 7,161 shares of the company’s stock valued at $981,000 after buying an additional 152 shares during the period. Quarry LP boosted its stake in shares of National HealthCare by 171.9% during the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after buying an additional 165 shares during the period. Simplex Trading LLC boosted its stake 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 during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of National HealthCare during the 3rd quarter valued at $25,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Trading Up 0.9%

NHC stock opened at $197.72 on Friday. National HealthCare Corporation has a 1 year low of $93.54 and a 1 year high of $205.06. The company has a fifty day simple moving average of $180.59 and a 200 day simple moving average of $159.79. The firm has a market cap of $3.09 billion, a PE ratio of 25.12 and a beta of 0.64.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%. The business had revenue of $381.82 million during the quarter.

National HealthCare Increases Dividend

The firm also recently disclosed 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 represents a $2.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a boost from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s dividend payout ratio (DPR) is presently 59.12%.

Insider Activity

In other National HealthCare news, Director Lisa Piercey acquired 949 shares of National HealthCare stock in a transaction that occurred on 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 purchase, the director owned 949 shares in the company, valued at approximately $174,862.74. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.92% of the company’s stock.

Wall Street Analysts Forecast Growth

NHC has been the subject of a number of research reports. BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a research note on Monday, May 18th. Royal Bank Of Canada raised shares of National HealthCare to a “hold” rating in a research note on Monday, May 18th. Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.

National HealthCare 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.