Militia Capital Management LLC Purchases Shares of 17,700 National HealthCare Corporation $NHC

Militia Capital Management LLC purchased a new stake in National HealthCare Corporation (NYSEAMERICAN:NHC) during the 1st quarter, HoldingsChannel reports. The firm purchased 17,700 shares of the company’s stock, valued at approximately $2,827,000.

A number of other institutional investors have also made changes to their positions in the business. Mariner LLC lifted its position in shares of National HealthCare by 0.9% during the 4th quarter. Mariner LLC now owns 6,839 shares of the company’s stock worth $938,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in National HealthCare by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after buying an additional 69 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in National HealthCare by 1.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,048 shares of the company’s stock valued at $966,000 after buying an additional 70 shares during the last quarter. ProShare Advisors LLC increased its position in National HealthCare by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock worth $338,000 after buying an additional 78 shares during the period. Finally, Hsbc Holdings PLC increased its position in National HealthCare by 1.2% in the 1st quarter. Hsbc Holdings PLC now owns 7,969 shares of the company’s stock worth $1,275,000 after buying an additional 93 shares during the period. 56.44% of the stock is currently owned by institutional investors.

National HealthCare Price Performance

National HealthCare stock opened at $226.03 on Monday. The business has a 50 day moving average price of $206.23 and a two-hundred day moving average price of $178.92. National HealthCare Corporation has a 12 month low of $94.04 and a 12 month high of $232.67. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 28.72 and a beta of 0.61.

National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. The company 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 company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. This is an increase from National HealthCare’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Tuesday, June 30th. National HealthCare’s dividend payout ratio (DPR) is 61.89%.

Insiders Place Their Bets

In other National HealthCare news, Director Lisa Piercey purchased 949 shares of the stock in a transaction on Monday, June 1st. The shares were purchased at an average price 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 represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 13.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NHC has been the subject of several research reports. Royal Bank Of Canada raised National HealthCare to a “hold” rating in a research 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. The Goldman Sachs Group upgraded shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Robert W. Baird upgraded shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.