National HealthCare (NYSEAMERICAN:NHC) Releases Quarterly Earnings Results

National HealthCare (NYSEAMERICAN:NHC) announced its earnings results on Thursday. The company reported $1.91 EPS for the quarter, FiscalAI reports. The business had revenue of $381.82 million during the quarter. National HealthCare had a net margin of 7.91% and a return on equity of 9.59%.

National HealthCare Trading Up 10.2%

Shares of NYSEAMERICAN:NHC traded up $17.40 on Friday, reaching $188.82. 150,233 shares of the company’s stock were exchanged, compared to its average volume of 110,948. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 24.62 and a beta of 0.64. The company has a fifty day moving average of $165.30 and a 200-day moving average of $147.81. National HealthCare has a twelve month low of $93.54 and a twelve month high of $189.95.

National HealthCare Increases Dividend

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

Institutional Trading of National HealthCare

Several large investors have recently made changes to their positions in NHC. Morgan Stanley Institutional Investment Advisors LLC lifted its stake in National HealthCare by 38.6% in the 4th quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock valued at $142,407,000 after purchasing an additional 289,566 shares during the last quarter. M Holdings Securities Inc. bought a new position in National HealthCare in the 3rd quarter valued at approximately $56,283,000. First Trust Advisors LP lifted its stake in National HealthCare by 75.8% in the 4th quarter. First Trust Advisors LP now owns 364,687 shares of the company’s stock valued at $49,995,000 after purchasing an additional 157,204 shares during the last quarter. Geode Capital Management LLC lifted its stake in National HealthCare by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 318,440 shares of the company’s stock valued at $43,662,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in National HealthCare by 19.9% in the 3rd quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock valued at $21,386,000 after purchasing an additional 29,246 shares during the last quarter. Institutional investors and hedge funds 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.