National HealthCare (NYSE:NHC) Releases Quarterly Earnings Results

National HealthCare (NYSE:NHCGet Free Report) released its earnings results on Friday. The company reported $0.97 earnings per share (EPS) for the quarter, reports. The company had revenue of $297.18 million for the quarter. National HealthCare had a net margin of 6.95% and a return on equity of 6.28%.

National HealthCare Price Performance

Shares of NHC opened at $94.95 on Monday. National HealthCare has a one year low of $56.87 and a one year high of $101.81. The stock has a market capitalization of $1.46 billion, a PE ratio of 25.87 and a beta of 0.37.

National HealthCare Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.44 annualized dividend and a dividend yield of 2.57%. This is a positive change from National HealthCare’s previous quarterly dividend of $0.59. National HealthCare’s dividend payout ratio is currently 44.87%.

Institutional Investors Weigh In On National HealthCare

Several hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in National HealthCare in the 1st quarter worth about $206,000. ProShare Advisors LLC boosted its stake in shares of National HealthCare by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 2,539 shares of the company’s stock worth $240,000 after buying an additional 172 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of National HealthCare in the first quarter valued at approximately $745,000. State Board of Administration of Florida Retirement System increased its position in shares of National HealthCare by 7.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 29,746 shares of the company’s stock valued at $2,811,000 after acquiring an additional 2,186 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in National HealthCare by 4.9% during the first quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock worth $150,633,000 after acquiring an additional 74,911 shares during the period. Institutional investors own 56.44% of the company’s stock.

About National HealthCare

(Get Free Report)

National HealthCare Corporation principally operates long-term health carecenters and home health care programs. Their health care centers provide subacute, skilled and intermediate nursing and rehabilitative care.

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Earnings History for National HealthCare (NYSE:NHC)

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