National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) Director David Gifford sold 1,779 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $225.42, for a total value of $401,022.18. Following the transaction, the director directly owned 1,030 shares in the company, valued at $232,182.60. This trade represents a 63.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
National HealthCare Stock Up 0.2%
Shares of NYSEAMERICAN:NHC opened at $222.70 on Friday. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 25.05 and a beta of 0.61. The company has a 50 day moving average of $219.36 and a two-hundred day moving average of $189.89. National HealthCare Corporation has a 52-week low of $111.24 and a 52-week high of $239.29.
National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.74 earnings per share for the quarter. The business 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. National HealthCare's payout ratio is presently 61.89%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on NHC shares. Royal Bank Of Canada upgraded National HealthCare to a "hold" rating in a report on Monday, May 18th. BMO Capital Markets raised shares of National HealthCare to a "hold" rating in a report on Monday, May 18th. The Goldman Sachs Group raised shares of National HealthCare to a "strong-buy" rating in a report on Monday, May 18th. Finally, Robert W. Baird raised shares of National HealthCare to a "strong-buy" rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, National HealthCare currently has an average rating of "Buy".
Get Our Latest Stock Analysis on NHC
Institutional Investors Weigh In On National HealthCare
Institutional investors have recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in shares of National HealthCare during the 2nd quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in National HealthCare in the second quarter worth $37,000. Caitong International Asset Management Co. Ltd bought a new stake in National HealthCare during the third quarter valued at $25,000. Public Employees Retirement System of Ohio acquired a new stake in shares of National HealthCare during the second quarter worth $48,000. Finally, Quarry LP raised its holdings in shares of National HealthCare by 171.9% during the third quarter. Quarry LP now owns 261 shares of the company's stock worth $32,000 after purchasing an additional 165 shares during the period. 56.44% of the stock is currently owned by institutional investors.
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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