National HealthCare (NYSEAMERICAN:NHC) Hits New 52-Week High - Here's What Happened

Key Points

• New 52-week high: National HealthCare (NHC) traded up to $175.50 (last $175.23) on Thursday with about 62,232 shares changing hands; market cap roughly $2.75 billion and 50‑/200‑day moving averages are $161.15/$141.25.
• Recent results and dividend: NHC reported quarterly EPS of $1.83 on $386.51M revenue (net margin 7.91%, ROE 9.59%) and announced a $0.64 quarterly dividend ($2.56 annual, 1.4% yield, payout ratio ~59%, ex‑dividend March 31, payable April 30).

National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $175.50 and last traded at $175.2340, with a volume of 62232 shares. The stock had previously closed at $172.37.

National HealthCare Stock Performance

The firm has a market capitalization of $2.75 billion, a P/E ratio of 23.11 and a beta of 0.58. The company has a 50-day moving average price of $161.15 and a 200-day moving average price of $141.25.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $1.83 earnings per share for the quarter. The firm had revenue of $386.51 million for the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.64 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.56 annualized dividend and a yield of 1.4%. National HealthCare's payout ratio is currently 59.12%.

Institutional Trading of National HealthCare

Hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its holdings in shares of National HealthCare by 19.9% during the third quarter. Alps Advisors Inc. now owns 176,002 shares of the company's stock worth $21,386,000 after acquiring an additional 29,246 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of National HealthCare by 55.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 48,296 shares of the company's stock worth $6,020,000 after acquiring an additional 17,317 shares during the period. Vest Financial LLC bought a new stake in shares of National HealthCare during the third quarter worth approximately $1,529,000. M Holdings Securities Inc. bought a new stake in shares of National HealthCare during the third quarter worth approximately $56,283,000. Finally, SG Americas Securities LLC bought a new stake in shares of National HealthCare during the third quarter worth approximately $1,167,000. Institutional investors and hedge funds own 56.44% of the company's stock.

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.

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