National HealthCare (NYSEAMERICAN:NHC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

National HealthCare Corporation (NYSEAMERICAN:NHC) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $204.40 and traded as high as $234.65. National HealthCare shares last traded at $234.48, with a volume of 80,762 shares trading hands.

National HealthCare Stock Down 1.1%

The firm has a market capitalization of $3.80 billion, a P/E ratio of 27.31 and a beta of 0.60. The firm has a 50 day moving average of $225.16 and a 200-day moving average of $204.99.

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

National HealthCare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. National HealthCare’s dividend payout ratio (DPR) is presently 61.89%.

Insider Transactions at National HealthCare

In related news, VP Josh A. Mccreary sold 2,719 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $224.23, for a total value of $609,681.37. Following the sale, the vice president directly owned 9,979 shares in the company, valued at $2,237,591.17. This represents a 21.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Vicki L. Dodson sold 4,834 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $225.00, for a total transaction of $1,087,650.00. Following the transaction, the vice president owned 10,726 shares of the company’s stock, valued at approximately $2,413,350. The trade was a 31.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 17,645 shares of company stock worth $3,991,668. 13.92% of the stock is currently owned by insiders.

Institutional Trading of National HealthCare

Large investors have recently modified their holdings of the stock. Reliant Investment Management LLC acquired a new stake in shares of National HealthCare in the 3rd quarter valued at about $307,000. Fortitude Family Office LLC grew its position in National HealthCare by 1,435.7% in the 3rd quarter. Fortitude Family Office LLC now owns 215 shares of the company’s stock valued at $47,000 after purchasing an additional 201 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of National HealthCare in the third quarter valued at $640,000. Farther Finance Advisors LLC increased its holdings in National HealthCare by 170.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock worth $85,000 after purchasing an additional 244 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in National HealthCare during the 2nd quarter worth $346,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

About National HealthCare

National HealthCare Corporation (NHC) is a healthcare services company that provides post-acute and long-term care through a network of skilled nursing centers, rehabilitation facilities, assisted living communities and memory care services. The company also offers home health, hospice and palliative care, behavioral health services, and other related healthcare programs.

NHC serves patients and residents primarily across the southeastern United States. Its services are designed to support individuals recovering from illness or injury, managing chronic conditions, or requiring long-term assistance and residential care.