National HealthCare (NYSEAMERICAN:NHC) Reaches New 52-Week High After Dividend Announcement

National HealthCare Corporation (NYSEAMERICAN:NHC)’s stock price reached a new 52-week high during trading on Friday following a dividend announcement from the company. The stock traded as high as $185.62 and last traded at $183.86, with a volume of 20532 shares. The stock had previously closed at $171.42.

The newly announced dividend which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.67 dividend. This is an increase from National HealthCare’s previous quarterly dividend of $0.64. This represents a $2.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, June 30th. National HealthCare’s payout ratio is currently 59.12%.

National HealthCare Trading Up 8.1%

The company has a 50-day simple moving average of $165.30 and a 200 day simple moving average of $147.81. The firm has a market cap of $2.89 billion, a PE ratio of 24.16 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 EPS for the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.The business had revenue of $381.82 million for the quarter.

Institutional Investors Weigh In On National HealthCare

Hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its position in 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 purchasing an additional 29,246 shares in the last quarter. Vest Financial LLC purchased a new stake in National HealthCare in the 3rd quarter worth approximately $1,529,000. M Holdings Securities Inc. purchased a new stake in National HealthCare in the 3rd quarter worth approximately $56,283,000. Allspring Global Investments Holdings LLC boosted its position in 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 purchasing an additional 10,170 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of National HealthCare during the 3rd quarter worth approximately $1,167,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

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.