National HealthCare (NYSEAMERICAN:NHC) Reaches New 1-Year High - Time to Buy?

Key Points

• National HealthCare shares reached a new 52-week high, trading as high as $239.82 and last changing hands at $238.01. The company has a $3.77 billion market capitalization, a P/E ratio of 27.06, and shares remain above their 50-day and 200-day moving averages.
• In its latest quarterly results, National HealthCare reported $1.74 in EPS and $408.03 million in revenue, along with a 10.03% return on equity and a 9.00% net margin.
• The company declared a quarterly dividend of $0.67 per share, equal to a $2.68 annualized payout and a 1.1% yield. However, insiders sold 17,645 shares worth nearly $4.0 million over the past three months.

National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) shares hit a new 52-week high on Thursday. The stock traded as high as $239.82 and last traded at $238.01, with a volume of 3,442 shares traded. The stock had previously closed at $231.39.

National HealthCare Stock Performance

The stock has a 50 day simple moving average of $224.64 and a two-hundred day simple moving average of $204.40. The firm has a market cap of $3.77 billion, a PE ratio of 27.06 and a beta of 0.60.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%. The business had revenue of $408.03 million during the quarter.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, September 30th. National HealthCare's dividend payout ratio (DPR) is currently 61.89%.

Insider Buying and Selling

In other National HealthCare news, CFO Brian Kidd sold 6,813 shares of the company's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $225.70, for a total value of $1,537,694.10. Following the sale, the chief financial officer owned 23,183 shares in the company, valued at approximately $5,232,403.10. This represents a 22.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Stephen Fowler Flatt sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $237.08, for a total value of $355,620.00. Following the completion of the sale, the chief executive officer owned 65,487 shares in the company, valued at approximately $15,525,657.96. This represents a 2.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,645 shares of company stock valued at $3,991,668 in the last three months. 13.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National HealthCare

Several large investors have recently made changes to their positions in the company. Reliant Investment Management LLC acquired a new stake in shares of National HealthCare in the third quarter valued at about $307,000. Fortitude Family Office LLC increased its stake in shares of National HealthCare by 1,435.7% during the third quarter. Fortitude Family Office LLC now owns 215 shares of the company's stock worth $47,000 after purchasing an additional 201 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of National HealthCare during the third quarter worth about $640,000. Farther Finance Advisors LLC raised its position in shares of National HealthCare by 170.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 387 shares of the company's stock worth $85,000 after purchasing an additional 244 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of National HealthCare during the 2nd quarter worth about $346,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Company Profile

National HealthCare Corporation (NHC) is a healthcare services company that provides post-acute and long-term care through a network of skilled nursing centers, rehabilitation facilities, assisted living communities and memory care services. The company also offers home health, hospice and palliative care, behavioral health services, and other related healthcare programs.

NHC serves patients and residents primarily across the southeastern United States. Its services are designed to support individuals recovering from illness or injury, managing chronic conditions, or requiring long-term assistance and residential care.

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