National HealthCare Corporation (NYSEAMERICAN:NHC – Get Free Report) was down 2.8% during mid-day trading on Friday following insider selling activity. The stock traded as low as $229.61 and last traded at $230.09. Approximately 10,931 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 111,478 shares. The stock had previously closed at $236.75.
Specifically, CEO Stephen Fowler Flatt sold 1,500 shares of National HealthCare stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $237.08, for a total value of $355,620.00. Following the completion of the transaction, the chief executive officer directly owned 65,487 shares of the company’s stock, valued at $15,525,657.96. The trade was a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Royal Bank Of Canada upgraded shares of National HealthCare to a “hold” rating in a report 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, BMO Capital Markets raised shares of National HealthCare to a “hold” 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
National HealthCare Stock Performance
The company has a 50 day moving average of $215.81 and a 200 day moving average of $187.10. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 25.92 and a beta of 0.61.
National HealthCare (NYSEAMERICAN:NHC – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. The company had revenue of $408.03 million for the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.
National HealthCare Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.68 annualized dividend and a yield of 1.2%. National HealthCare’s dividend payout ratio (DPR) is 61.89%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Mariner LLC raised its position in National HealthCare by 0.9% in the 4th quarter. Mariner LLC now owns 6,839 shares of the company’s stock valued at $938,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in National HealthCare by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock worth $50,000 after purchasing an additional 69 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in National HealthCare by 1.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,048 shares of the company’s stock worth $966,000 after purchasing an additional 70 shares during the last quarter. ProShare Advisors LLC increased its stake in National HealthCare by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock valued at $338,000 after purchasing an additional 78 shares during the period. Finally, Hsbc Holdings PLC increased its stake in National HealthCare by 1.2% in the first quarter. Hsbc Holdings PLC now owns 7,969 shares of the company’s stock valued at $1,275,000 after purchasing an additional 93 shares during the period. 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.
See Also
- Five stocks we like better than National HealthCare
- Meta Platform’s Legal Issues Could Become Much More Than A Q2 Earnings Headache
- Marvell Constructs an AI Moat With Alphabet Warrants
- Microsoft’s Sell-Off May Be a Gift, Not a Warning
- SK hynix Triggers $28B Defense Against Tech Selloff
Receive News & Ratings for National HealthCare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National HealthCare and related companies with MarketBeat.com's FREE daily email newsletter.
