National HealthCare Corporation (NYSEAMERICAN:NHC – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $158.61 and traded as high as $193.18. National HealthCare shares last traded at $192.12, with a volume of 142,535 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. The Goldman Sachs Group raised National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Robert W. Baird raised National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets raised National HealthCare to a “hold” rating in a research report on Monday, May 18th. Finally, Royal Bank Of Canada raised National HealthCare to a “hold” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.
Get Our Latest Stock Analysis on National HealthCare
National HealthCare Trading Up 2.2%
National HealthCare (NYSEAMERICAN:NHC – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.91 EPS for the quarter. The business had revenue of $381.82 million during the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.
National HealthCare Increases Dividend
The company also recently declared 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 positive change from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s dividend payout ratio (DPR) is presently 59.12%.
Insider Activity at National HealthCare
In other news, Director Lisa Piercey purchased 949 shares of the 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 $174,862.74. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.92% of the company’s stock.
Institutional Investors Weigh In On National HealthCare
Several large investors have recently made changes to their positions in NHC. M Holdings Securities Inc. bought a new stake in shares of National HealthCare in the 3rd quarter valued at approximately $56,283,000. Morgan Stanley Institutional Investment Advisors LLC raised its stake in shares of National HealthCare by 38.6% in the 4th quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock valued at $142,407,000 after acquiring an additional 289,566 shares in the last quarter. First Trust Advisors LP raised its stake in shares of National HealthCare by 556.4% in the 3rd quarter. First Trust Advisors LP now owns 207,483 shares of the company’s stock valued at $25,211,000 after acquiring an additional 175,873 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of National HealthCare by 407.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 75,257 shares of the company’s stock valued at $12,019,000 after acquiring an additional 60,420 shares in the last quarter. Finally, Eversept Partners LP bought a new position in shares of National HealthCare in the 4th quarter valued at approximately $3,918,000. Institutional investors own 56.44% of the company’s stock.
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.
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