National HealthCare (NYSEAMERICAN:NHC) Director Lisa Piercey Buys 949 Shares

National HealthCare Corporation (NYSEAMERICAN:NHC) Director Lisa Piercey bought 949 shares of the stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $184.26 per share, with a total value of $174,862.74. Following the purchase, the director owned 949 shares in the company, valued at $174,862.74. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

National HealthCare Stock Up 2.1%

Shares of NYSEAMERICAN NHC traded up $3.83 during midday trading on Tuesday, reaching $183.23. The company had a trading volume of 145,212 shares, compared to its average volume of 96,072. National HealthCare Corporation has a one year low of $93.54 and a one year high of $205.06. The firm’s fifty day moving average price is $175.21 and its 200-day moving average price is $156.01. The stock has a market cap of $2.86 billion, a PE ratio of 22.86 and a beta of 0.64.

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

National HealthCare Increases Dividend

The firm also recently declared 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 yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s dividend payout ratio is currently 59.12%.

Hedge Funds Weigh In On National HealthCare

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in National HealthCare in the 3rd quarter worth $25,000. Quarry LP raised its holdings in National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares during the period. Kestra Advisory Services LLC bought a new position in National HealthCare in the 4th quarter worth $42,000. Simplex Trading LLC raised its holdings in National HealthCare by 140.0% in the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock worth $48,000 after purchasing an additional 203 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in National HealthCare by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock worth $50,000 after purchasing an additional 69 shares during the period. 56.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BMO Capital Markets raised National HealthCare to a “hold” rating in a research report on Monday, May 18th. Robert W. Baird raised National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group upgraded National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada upgraded National HealthCare to a “hold” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.