National HealthCare (NYSEAMERICAN:NHC) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of National HealthCare Corporation (NYSEAMERICAN:NHC) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $201.54 and traded as high as $231.94. National HealthCare shares last traded at $228.27, with a volume of 90,574 shares traded.

National HealthCare Trading Up 1.8%

The firm has a market capitalization of $3.53 billion, a PE ratio of 25.33 and a beta of 0.60. The business’s 50 day simple moving average is $223.83 and its two-hundred day simple moving average is $201.98.

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

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. National HealthCare’s dividend payout ratio is currently 61.89%.

Insiders Place Their Bets

In other news, VP Vicki L. Dodson sold 4,834 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $225.00, for a total value of $1,087,650.00. Following the transaction, the vice president owned 10,726 shares in the company, valued at $2,413,350. This represents a 31.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen Fowler Flatt sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $237.08, for a total transaction of $355,620.00. Following the completion of the transaction, the chief executive officer owned 65,487 shares in the company, valued at $15,525,657.96. This trade represents a 2.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 17,645 shares of company stock valued at $3,991,668. 13.92% of the stock is currently owned by company insiders.

Institutional Trading of National HealthCare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new stake in shares of National HealthCare during the 2nd quarter valued at $346,000. Squarepoint Ops LLC bought a new position in National HealthCare in the 2nd quarter worth $482,000. Nykredit A S purchased a new position in National HealthCare during the second quarter valued at $207,000. Corient Private Wealth LP lifted its position in National HealthCare by 158.6% during the second quarter. Corient Private Wealth LP now owns 11,825 shares of the company’s stock valued at $2,499,000 after purchasing an additional 7,252 shares in the last quarter. Finally, Amundi bought a new stake in National HealthCare during the second quarter valued at about $297,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Company Profile

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.