National HealthCare (NYSEAMERICAN:NHC) Director Lisa Piercey Buys 949 Shares

National HealthCare Corporation (NYSEAMERICAN:NHC) Director Lisa Piercey acquired 949 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $184.26 per share, with a total value of $174,862.74. Following the acquisition, the director directly owned 949 shares of the company’s stock, valued at $174,862.74. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

National HealthCare Price Performance

Shares of NHC opened at $183.35 on Wednesday. National HealthCare Corporation has a one year low of $93.54 and a one year high of $205.06. The firm has a market capitalization of $2.86 billion, a P/E ratio of 23.30 and a beta of 0.64. The business has a fifty day moving average of $175.21 and a 200 day moving average of $156.01.

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

National HealthCare Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.67 per share. This is a boost from National HealthCare’s previous quarterly dividend of $0.64. This represents a $2.68 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. National HealthCare’s dividend payout ratio is presently 59.12%.

Analyst Upgrades and Downgrades

NHC has been the subject of several recent research reports. BMO Capital Markets raised National HealthCare to a “hold” rating in a report on Monday, May 18th. Royal Bank Of Canada raised National HealthCare to a “hold” rating in a report on Monday, May 18th. Robert W. Baird raised National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group raised National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Two research 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.com, the company has an average rating of “Buy”.

Hedge Funds Weigh In On National HealthCare

A number of hedge funds have recently made changes to their positions in NHC. Caitong International Asset Management Co. Ltd bought a new position in shares of National HealthCare in the third quarter worth about $25,000. Quarry LP boosted 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 acquiring an additional 165 shares during the period. Kestra Advisory Services LLC bought a new position in shares of National HealthCare in the fourth quarter worth about $42,000. Simplex Trading LLC boosted 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 acquiring an additional 203 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of National HealthCare by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock worth $50,000 after acquiring an additional 69 shares during the period. 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.