Militia Capital Partners LP Buys 5,600 Shares of National HealthCare Corporation $NHC

Militia Capital Partners LP lifted its stake in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) by 103.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,000 shares of the company’s stock after acquiring an additional 5,600 shares during the quarter. Militia Capital Partners LP’s holdings in National HealthCare were worth $1,508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NHC. Caitong International Asset Management Co. Ltd bought a new stake in shares of National HealthCare during the 3rd quarter worth $25,000. Quarry LP lifted its holdings in shares of National HealthCare by 171.9% during the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after acquiring an additional 165 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of National HealthCare during the 4th quarter worth $42,000. Simplex Trading LLC lifted its holdings in shares of National HealthCare by 140.0% during the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock worth $48,000 after acquiring an additional 203 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of National HealthCare during the 2nd quarter worth $58,000. 56.44% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Lisa Piercey acquired 949 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $184.26 per share, for a total transaction of $174,862.74. Following the completion of the transaction, the director owned 949 shares of the company’s stock, valued at $174,862.74. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NHC. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Royal Bank Of Canada raised shares of National HealthCare to a “hold” rating in a report on Monday, May 18th. Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Finally, BMO Capital Markets upgraded shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

National HealthCare Trading Down 1.9%

NHC stock opened at $191.97 on Wednesday. The firm’s 50-day moving average price is $181.83 and its two-hundred day moving average price is $160.78. National HealthCare Corporation has a 12-month low of $93.54 and a 12-month high of $205.06. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 24.39 and a beta of 0.64.

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

National HealthCare Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.67 dividend. 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 dividend yield of 1.4%. National HealthCare’s dividend payout ratio is presently 59.12%.

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.