Lisa Piercey Purchases 949 Shares of National HealthCare (NYSEAMERICAN:NHC) Stock

National HealthCare Corporation (NYSEAMERICAN:NHC) Director Lisa Piercey purchased 949 shares of National HealthCare stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $184.26 per share, with a total value of $174,862.74. Following the acquisition, the director owned 949 shares in the company, valued at approximately $174,862.74. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

National HealthCare Stock Performance

NYSEAMERICAN:NHC opened at $186.44 on Thursday. National HealthCare Corporation has a one year low of $93.54 and a one year high of $205.06. The firm has a market cap of $2.91 billion, a P/E ratio of 23.69 and a beta of 0.64. The firm has a 50-day simple moving average of $176.19 and a 200-day simple moving average of $156.81.

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

National HealthCare Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.68 annualized dividend and a dividend yield of 1.4%. This is an increase from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s dividend payout ratio (DPR) is presently 59.12%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. grew its position in shares of National HealthCare by 19.9% in the 3rd quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock worth $21,386,000 after buying an additional 29,246 shares during the last quarter. M Holdings Securities Inc. purchased a new position in shares of National HealthCare in the 3rd quarter worth approximately $56,283,000. Allspring Global Investments Holdings LLC grew its position in shares of National HealthCare by 21.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 58,466 shares of the company’s stock worth $7,625,000 after buying an additional 10,170 shares during the last quarter. Strs Ohio purchased a new position in shares of National HealthCare in the 4th quarter worth approximately $809,000. Finally, Militia Capital Partners LP purchased a new position in shares of National HealthCare in the 3rd quarter worth approximately $656,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Analyst Ratings Changes

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

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.