Key Points
- National HealthCare VP Josh Mccreary sold 2,719 shares at an average price of $224.23, generating approximately $609,681. Following the transaction, his ownership fell 21.41% to 9,979 shares.
- NHC shares opened at $227.76, with a market capitalization of $3.57 billion and a 52-week range of $114.59 to $239.29. The company recently reported quarterly EPS of $1.74 on revenue of $408.03 million.
- National HealthCare declared a quarterly dividend of $0.67, or $2.68 annually, representing a 1.2% yield. Analysts collectively rate the stock “Buy,” with two Strong Buy and two Hold ratings.
National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) VP Josh Mccreary sold 2,719 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $224.23, for a total transaction of $609,681.37. Following the sale, the vice president owned 9,979 shares in the company, valued at approximately $2,237,591.17. The trade was a 21.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
National HealthCare Stock Performance
NYSEAMERICAN:NHC opened at $227.76 on Tuesday. The company has a market cap of $3.57 billion, a PE ratio of 25.62 and a beta of 0.62. The stock has a 50-day simple moving average of $222.17 and a 200 day simple moving average of $194.59. National HealthCare Corporation has a 52-week low of $114.59 and a 52-week high of $239.29.
National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.74 EPS for the quarter. The firm had revenue of $408.03 million for the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.03%.
National HealthCare Dividend Announcement
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 paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. National HealthCare's dividend payout ratio (DPR) is 61.89%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on NHC. The Goldman Sachs Group raised National HealthCare to a "strong-buy" rating in a report on Monday, May 18th. Robert W. Baird upgraded shares of National HealthCare to a "strong-buy" rating in a report on Monday, May 18th. BMO Capital Markets raised shares of National HealthCare to a "hold" rating in a research report on Monday, May 18th. Finally, Royal Bank Of Canada upgraded shares of National HealthCare to a "hold" rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, National HealthCare has an average rating of "Buy".
Check Out Our Latest Research Report on National HealthCare
Institutional Trading of National HealthCare
Institutional investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in shares of National HealthCare during the 2nd quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in National HealthCare in the second quarter valued at about $37,000. Public Employees Retirement System of Ohio acquired a new position in National HealthCare in the second quarter valued at about $48,000. EverSource Wealth Advisors LLC lifted its position in National HealthCare by 28.5% during the first 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 period. Finally, KBC Group NV bought a new stake in National HealthCare during the first quarter worth about $82,000. 56.44% of the stock is currently owned by institutional investors.
National HealthCare Company Profile
(
Get Free Report)
National HealthCare Corporation (NHC) is a provider of post-acute health care and senior living services headquartered in Murfreesboro, Tennessee. The company operates skilled nursing and rehabilitation centers, assisted living and retirement communities, and other services designed to support patients and residents who need short-term recovery, long-term care or assistance with daily living.
NHC also provides home health, hospice and palliative care, behavioral health services, and pharmacy services.
Further Reading
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