National HealthCare (NYSEAMERICAN:NHC) Announces Quarterly Earnings Results

National HealthCare (NYSEAMERICAN:NHC) posted its quarterly earnings data on Thursday. The company reported $1.76 EPS for the quarter, FiscalAI reports. The business had revenue of $407.97 million during the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.

National HealthCare Stock Performance

National HealthCare stock traded up $1.23 during trading on Friday, reaching $208.85. The company had a trading volume of 433,992 shares, compared to its average volume of 134,888. The firm has a market capitalization of $3.27 billion, a PE ratio of 23.49 and a beta of 0.64. The firm’s 50-day simple moving average is $224.02 and its 200 day simple moving average is $195.47. National HealthCare has a 1-year low of $124.25 and a 1-year high of $248.20.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 31st will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. National HealthCare’s dividend payout ratio (DPR) is currently 61.89%.

Insider Activity at National HealthCare

In other National HealthCare news, Director David R. Gifford sold 1,779 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $225.42, for a total transaction of $401,022.18. Following the transaction, the director directly owned 1,030 shares of the company’s stock, valued at $232,182.60. This trade represents a 63.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Vicki L. Dodson sold 4,834 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $225.00, for a total transaction of $1,087,650.00. Following the transaction, the vice president directly owned 10,726 shares in the company, valued at approximately $2,413,350. The trade was a 31.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,645 shares of company stock valued at $3,991,668 in the last three months. Company insiders own 13.92% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NHC. BlackRock Inc. acquired a new stake in National HealthCare in the 2nd quarter worth about $417,602,000. Morgan Stanley Institutional Investment Advisors LLC acquired a new position in shares of National HealthCare during the second quarter valued at approximately $217,391,000. First Trust Advisors LP raised its holdings in shares of National HealthCare by 45.4% during the first quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock valued at $84,689,000 after acquiring an additional 165,615 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of National HealthCare in the second quarter valued at approximately $25,854,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of National HealthCare by 407.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 75,257 shares of the company’s stock valued at $12,019,000 after acquiring an additional 60,420 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Company Profile

National HealthCare Corporation (NHC) is a provider of post-acute and senior healthcare services. The company operates skilled nursing centers, assisted living and memory care communities, and rehabilitation facilities. Its services are designed to support patients recovering from illness or injury, as well as older adults requiring long-term residential care.

NHC also provides home healthcare, hospice, and private-duty nursing services, allowing patients to receive medical and supportive care in their homes or in hospice settings.