National HealthCare (NYSEAMERICAN:NHC) Announces Quarterly Earnings Results

National HealthCare (NYSEAMERICAN:NHC) posted its quarterly earnings data on Thursday. The company reported $1.91 EPS for the quarter, FiscalAI reports. 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.

National HealthCare Stock Up 10.2%

National HealthCare stock traded up $17.40 during trading on Friday, hitting $188.82. The stock had a trading volume of 150,233 shares, compared to its average volume of 110,948. National HealthCare has a 1 year low of $93.54 and a 1 year high of $189.95. The stock’s 50 day moving average is $165.30 and its two-hundred day moving average is $147.81. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 24.62 and a beta of 0.64.

National HealthCare Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid 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 annualized dividend and a yield of 1.4%. National HealthCare’s dividend payout ratio (DPR) is currently 59.12%.

Hedge Funds Weigh In On National HealthCare

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of National HealthCare by 53.6% during the first quarter. Royal Bank of Canada now owns 2,724 shares of the company’s stock worth $253,000 after acquiring an additional 950 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of National HealthCare by 1.7% during the first quarter. AQR Capital Management LLC now owns 16,080 shares of the company’s stock worth $1,492,000 after acquiring an additional 262 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of National HealthCare by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,247 shares of the company’s stock worth $858,000 after acquiring an additional 281 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of National HealthCare by 7.1% during the first quarter. Goldman Sachs Group Inc. now owns 73,772 shares of the company’s stock worth $6,846,000 after acquiring an additional 4,879 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of National HealthCare by 18.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,246 shares of the company’s stock worth $2,807,000 after acquiring an additional 4,628 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

About National HealthCare

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.