National HealthCare (NYSEAMERICAN:NHC) Shares Cross Above 200-Day Moving Average – Here’s Why

National HealthCare Corporation (NYSEAMERICAN:NHC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $163.89 and traded as high as $203.04. National HealthCare shares last traded at $201.53, with a volume of 105,492 shares changing hands.

Analyst Ratings Changes

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

National HealthCare Price Performance

The company has a 50-day simple moving average of $186.14 and a 200-day simple moving average of $163.89. The stock has a market cap of $3.15 billion, a PE ratio of 25.61 and a beta of 0.64.

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

National HealthCare Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.3%. This is a positive change from National HealthCare’s previous quarterly dividend of $0.64. The ex-dividend date is Tuesday, June 30th. National HealthCare’s dividend payout ratio (DPR) is 59.12%.

Insider Buying and Selling

In related news, Director Lisa Piercey acquired 949 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $184.26 per share, with a total value of $174,862.74. Following the completion of the acquisition, the director owned 949 shares in the company, valued at approximately $174,862.74. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 13.92% of the company’s stock.

Institutional Investors Weigh In On National HealthCare

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of National HealthCare during the 3rd quarter worth approximately $25,000. Quarry LP increased its stake in National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in National HealthCare in the 4th quarter valued at approximately $42,000. Simplex Trading LLC raised its holdings in National HealthCare by 140.0% during the fourth quarter. Simplex Trading LLC now owns 348 shares of the company’s stock worth $48,000 after purchasing an additional 203 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in National HealthCare by 28.5% during the first 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 last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

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.