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

National HealthCare Corporation (NYSEAMERICAN:NHC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $137.77 and traded as high as $164.42. National HealthCare shares last traded at $161.99, with a volume of 133,895 shares trading hands.

National HealthCare Stock Up 0.1%

The firm has a market capitalization of $2.52 billion, a PE ratio of 21.12 and a beta of 0.60. The company has a 50-day moving average of $156.17 and a 200 day moving average of $137.77.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.83 earnings per share for the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.The firm had revenue of $386.51 million for the quarter.

National HealthCare Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.64 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.56 annualized dividend and a yield of 1.6%. National HealthCare’s payout ratio is presently 59.12%.

Hedge Funds Weigh In On National HealthCare

A number of institutional investors have recently made changes to their positions in NHC. Mariner LLC raised its position in shares of National HealthCare by 0.9% during the 4th quarter. Mariner LLC now owns 6,839 shares of the company’s stock valued at $938,000 after buying an additional 59 shares in the last quarter. ProShare Advisors LLC grew its position in National HealthCare by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock worth $338,000 after acquiring an additional 78 shares in the last quarter. Copeland Capital Management LLC increased its stake in National HealthCare by 18.3% in the third quarter. Copeland Capital Management LLC now owns 723 shares of the company’s stock valued at $88,000 after acquiring an additional 112 shares during the last quarter. Inspire Investing LLC raised its position in National HealthCare by 2.5% during the third quarter. Inspire Investing LLC now owns 4,634 shares of the company’s stock valued at $563,000 after purchasing an additional 115 shares in the last quarter. Finally, Summit Global Investments raised its position in National HealthCare by 1.2% during the third quarter. Summit Global Investments now owns 10,606 shares of the company’s stock valued at $1,289,000 after purchasing an additional 129 shares in the last quarter. 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.