Key Points
- CEO Stephen Fowler Flatt sold 1,500 National HealthCare shares at an average price of $237.08, generating $355,620. Following the transaction, he retained 65,487 shares, a 2.24% reduction in his direct ownership.
- National HealthCare reported quarterly EPS of $1.74 on revenue of $408.03 million, with a 9.00% net margin and 10.03% return on equity.
- The company declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a 1.1% yield. Analysts maintain a consensus “Buy” rating, with two Strong Buy and two Hold recommendations.
National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) CEO Stephen Fowler Flatt sold 1,500 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total value of $355,620.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
National HealthCare Trading Up 1.2%
Shares of NYSEAMERICAN:NHC opened at $236.75 on Friday. The stock has a market cap of $3.71 billion, a PE ratio of 26.63 and a beta of 0.61. The stock's fifty day simple moving average is $215.81 and its two-hundred day simple moving average is $187.10. National HealthCare Corporation has a 1-year low of $109.81 and a 1-year high of $239.29.
National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. The firm had revenue of $408.03 million during the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.03%.
National HealthCare Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.68 annualized dividend and a yield of 1.1%. National HealthCare's dividend payout ratio (DPR) is 61.89%.
Hedge Funds Weigh In On National HealthCare
Several institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in National HealthCare during the third quarter valued at $25,000. Allworth Financial LP bought a new stake in shares of National HealthCare in the second quarter valued at $27,000. Quarry LP lifted its position 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of National HealthCare during the 2nd quarter worth $37,000. Finally, Kestra Advisory Services LLC bought a new position in shares of National HealthCare during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 56.44% of the company's stock.
Analyst Ratings Changes
Several research firms have recently issued reports on NHC. Royal Bank Of Canada raised National HealthCare to a "hold" rating in a report on Monday, May 18th. The Goldman Sachs Group upgraded National HealthCare to a "strong-buy" rating in a report on Monday, May 18th. Robert W. Baird upgraded National HealthCare to a "strong-buy" rating in a research note on Monday, May 18th. Finally, BMO Capital Markets raised 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, National HealthCare presently has a consensus rating of "Buy".
Check Out Our Latest Stock Report on National HealthCare
About National HealthCare
(
Get Free Report)
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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