National HealthCare (NYSEAMERICAN:NHC) Hits New 1-Year High – What’s Next?

National HealthCare Corporation (NYSEAMERICAN:NHC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $194.76 and last traded at $194.71, with a volume of 104458 shares. The stock had previously closed at $189.47.

National HealthCare Price Performance

The firm has a fifty day simple moving average of $167.45 and a 200-day simple moving average of $149.73. The firm has a market cap of $3.04 billion, a P/E ratio of 24.74 and a beta of 0.64.

National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $381.82 million for the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.

National HealthCare Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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%. This is a boost from National HealthCare’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Tuesday, June 30th. National HealthCare’s dividend payout ratio (DPR) is currently 59.12%.

Institutional Trading of National HealthCare

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of National HealthCare in the third quarter worth approximately $25,000. Quarry LP raised its stake in shares of National HealthCare by 171.9% in 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 last quarter. Kestra Advisory Services LLC purchased a new stake in shares of National HealthCare in the fourth quarter worth approximately $42,000. Simplex Trading LLC raised its stake in shares of National HealthCare by 140.0% in the fourth quarter. Simplex Trading LLC now owns 348 shares of the company’s stock worth $48,000 after purchasing an additional 203 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of National HealthCare in the second quarter worth approximately $58,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

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.