National HealthCare (NYSEAMERICAN:NHC) Hits New 1-Year High – What’s Next?

National HealthCare Corporation (NYSEAMERICAN:NHC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $194.76 and last traded at $194.71, with a volume of 104458 shares traded. The stock had previously closed at $189.47.

National HealthCare Stock Performance

The business has a fifty day simple moving average of $167.45 and a 200-day simple moving average of $149.73. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 24.74 and a beta of 0.64.

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

National HealthCare Increases Dividend

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

Hedge Funds Weigh In On National HealthCare

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mariner LLC increased its holdings in National HealthCare by 0.9% in the 4th quarter. Mariner LLC now owns 6,839 shares of the company’s stock worth $938,000 after purchasing an additional 59 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of National HealthCare by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock valued at $338,000 after acquiring an additional 78 shares during the period. Hsbc Holdings PLC lifted its position in shares of National HealthCare by 1.2% during the 1st quarter. Hsbc Holdings PLC now owns 7,969 shares of the company’s stock valued at $1,275,000 after acquiring an additional 93 shares during the period. Summit Global Investments boosted its holdings in National HealthCare by 1.2% in the third quarter. Summit Global Investments now owns 10,606 shares of the company’s stock worth $1,289,000 after acquiring an additional 129 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in National HealthCare by 3.3% in the fourth quarter. Corient Private Wealth LLC now owns 4,499 shares of the company’s stock worth $617,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

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.