National HealthCare (NYSEAMERICAN:NHC) Sets New 1-Year High – Here’s What Happened

National HealthCare Corporation (NYSEAMERICAN:NHC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $200.09 and last traded at $196.00, with a volume of 102066 shares trading hands. The stock had previously closed at $196.30.

Analyst Ratings Changes

NHC has been the topic of several research reports. BMO Capital Markets upgraded shares of National HealthCare to a “hold” rating in a research note on Monday. Robert W. Baird upgraded shares of National HealthCare to a “strong-buy” rating in a research note on Monday. Royal Bank Of Canada upgraded shares of National HealthCare to a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group upgraded shares of National HealthCare to a “strong-buy” rating in a research note on Monday. Two equities research 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, National HealthCare presently has an average rating of “Buy”.

National HealthCare Stock Performance

The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 24.90 and a beta of 0.64. The company’s 50 day simple moving average is $169.54 and its two-hundred day simple moving average is $151.83.

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

National HealthCare Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s payout ratio is 59.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of National HealthCare by 65.9% during the 1st quarter. Bank of America Corp DE now owns 27,513 shares of the company’s stock worth $4,394,000 after acquiring an additional 10,930 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of National HealthCare by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock worth $50,000 after acquiring an additional 69 shares in the last quarter. Regal Partners Ltd bought a new stake in shares of National HealthCare during the 1st quarter worth about $304,000. The Manufacturers Life Insurance Company boosted its stake in shares of National HealthCare by 1.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,048 shares of the company’s stock worth $966,000 after acquiring an additional 70 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of National HealthCare by 2.4% during the 1st quarter. Quantinno Capital Management LP now owns 8,073 shares of the company’s stock worth $1,289,000 after acquiring an additional 191 shares in the last quarter. 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.