National HealthCare (NYSEAMERICAN:NHC) Stock Falls 5.1% - Here's Why

Key Points

• National HealthCare shares fell 5.1% to approximately $212.27, with trading volume down 46% from the average session. The stock’s market capitalization was about $3.33 billion, with a P/E ratio of 23.88.
• The company reported quarterly revenue of $408.03 million and earnings per share of $1.74. It also announced a quarterly dividend of $0.67, representing a $2.68 annualized payout and a 1.3% yield.
• Insiders have been net sellers: executives and directors sold 17,645 shares worth nearly $4.0 million over the past 90 days, while institutional investors own 56.44% of the company.

National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) shares dropped 5.1% on Tuesday. The stock traded as low as $212.86 and last traded at $212.2650. Approximately 60,295 shares traded hands during trading, a decline of 46% from the average session volume of 111,545 shares. The stock had previously closed at $223.70.

National HealthCare Price Performance

The business's fifty day moving average price is $227.79 and its 200-day moving average price is $191.68. The stock has a market capitalization of $3.33 billion, a PE ratio of 23.88 and a beta of 0.60.

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

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 30th. National HealthCare's dividend payout ratio is currently 61.89%.

Insider Activity

In other news, Director David R. Gifford sold 1,779 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $225.42, for a total value of $401,022.18. Following the transaction, the director directly owned 1,030 shares in the company, valued at $232,182.60. This trade represents a 63.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen Fowler Flatt sold 1,500 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total transaction of $355,620.00. Following the sale, the chief executive officer directly owned 65,487 shares of the company's stock, valued at approximately $15,525,657.96. The trade was a 2.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 17,645 shares of company stock worth $3,991,668. 13.92% of the stock is owned by corporate insiders.

Institutional Trading of National HealthCare

Several institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP grew its holdings in National HealthCare by 158.6% during the 2nd quarter. Corient Private Wealth LP now owns 11,825 shares of the company's stock worth $2,499,000 after acquiring an additional 7,252 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in National HealthCare in the second quarter valued at $744,000. Militia Capital Management LLC acquired a new position in shares of National HealthCare in the first quarter worth about $2,827,000. BlackRock Inc. acquired a new stake in National HealthCare in the 2nd quarter valued at $417,602,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in National HealthCare during the 2nd quarter worth approximately $1,400,000. Institutional investors own 56.44% of the company's stock.

National HealthCare Company Profile

National HealthCare Corporation (NHC) is a provider of post-acute and senior healthcare services. The company operates skilled nursing centers, assisted living and memory care communities, and rehabilitation facilities. Its services are designed to support patients recovering from illness or injury, as well as older adults requiring long-term residential care.

NHC also provides home healthcare, hospice, and private-duty nursing services, allowing patients to receive medical and supportive care in their homes or in hospice settings.

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