National HealthCare (NYSEAMERICAN:NHC) Hits New 1-Year High – Here’s Why

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

National HealthCare Price Performance

The stock has a market capitalization of $3.02 billion, a P/E ratio of 24.61 and a beta of 0.64. The stock’s fifty day moving average is $168.42 and its two-hundred day moving average is $150.57.

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

National HealthCare Increases Dividend

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

Institutional Investors Weigh In On National HealthCare

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of National HealthCare in the 3rd quarter valued at approximately $25,000. Quarry LP lifted its position in shares of 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 acquiring an additional 165 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of National HealthCare in the 4th quarter valued at approximately $42,000. Simplex Trading LLC lifted its position in shares of National HealthCare by 140.0% in the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after acquiring an additional 203 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of National HealthCare in the 1st quarter valued at approximately $82,000. Hedge funds and other institutional investors 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.