National HealthCare (NYSEAMERICAN:NHC) Announces Quarterly Earnings Results

National HealthCare (NYSEAMERICAN:NHC) posted its quarterly earnings results on Thursday. The company reported $1.76 earnings per share (EPS) for the quarter, FiscalAI reports. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%. The company had revenue of $407.97 million for the quarter.

National HealthCare Price Performance

Shares of NHC traded up $0.06 during midday trading on Friday, reaching $207.68. The stock had a trading volume of 171,157 shares, compared to its average volume of 114,193. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 23.36 and a beta of 0.64. The company’s fifty day simple moving average is $224.29 and its two-hundred day simple moving average is $195.12. National HealthCare has a 1-year low of $124.25 and a 1-year high of $248.20.

National HealthCare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Thursday, December 31st will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 31st. National HealthCare’s dividend payout ratio (DPR) is presently 61.89%.

Insider Buying and Selling

In other news, CFO Brian F. Kidd sold 6,813 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $225.70, for a total value of $1,537,694.10. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David R. Gifford sold 1,779 shares of National HealthCare stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $225.42, for a total transaction of $401,022.18. Following the sale, the director owned 1,030 shares in the company, valued at $232,182.60. This represents a 63.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,645 shares of company stock valued at $3,991,668 over the last three months. 13.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in National HealthCare during the second quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in National HealthCare in the second quarter valued at about $37,000. Fortitude Family Office LLC lifted its position in shares of National HealthCare by 1,435.7% during the 3rd quarter. Fortitude Family Office LLC now owns 215 shares of the company’s stock valued at $47,000 after acquiring an additional 201 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of National HealthCare during the 2nd quarter valued at approximately $48,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of National HealthCare by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after acquiring an additional 69 shares during the period. Hedge funds and other 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.