National HealthCare (NYSEAMERICAN:NHC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

National HealthCare Corporation (NYSEAMERICAN:NHC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $137.77 and traded as high as $164.42. National HealthCare shares last traded at $161.99, with a volume of 133,895 shares.

National HealthCare Trading Down 0.1%

The company has a market capitalization of $2.51 billion, a P/E ratio of 21.03 and a beta of 0.60. The stock has a 50 day moving average price of $157.14 and a 200 day moving average price of $138.10.

National HealthCare (NYSEAMERICAN:NHC) last issued its earnings results on Thursday, February 26th. The company reported $1.83 earnings per share (EPS) for the quarter. The business had revenue of $386.51 million during the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.

National HealthCare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.56 annualized dividend and a dividend yield of 1.6%. National HealthCare’s dividend payout ratio is currently 59.12%.

Institutional Investors Weigh In On National HealthCare

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of National HealthCare during the third quarter valued at $25,000. Quarry LP grew 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 acquired a new stake in National HealthCare in the fourth quarter valued at $42,000. Simplex Trading LLC increased its holdings in National HealthCare by 140.0% in the fourth quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after purchasing an additional 203 shares during the period. Finally, Raymond James Financial Inc. bought a new position in National HealthCare during the 2nd quarter worth $58,000. 56.44% of the stock is owned by 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.