National HealthCare Co. (NYSEMKT:NHC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of National HealthCare Co. (NYSEMKT:NHC) from a strong sell rating to a sell rating in a research note released on Wednesday, October 18th.

Separately, ValuEngine cut shares of National HealthCare from a hold rating to a sell rating in a research note on Monday, October 2nd.

Shares of National HealthCare (NYSEMKT:NHC) traded down 0.17% during trading on Wednesday, hitting $64.79. The company had a trading volume of 23,074 shares. National HealthCare has a 12-month low of $57.73 and a 12-month high of $78.99. The firm has a 50 day moving average of $63.32 and a 200 day moving average of $67.33. The stock has a market cap of $984.48 million, a PE ratio of 20.37 and a beta of 0.91.

National HealthCare (NYSEMKT:NHC) last posted its earnings results on Friday, August 4th. The company reported $0.70 EPS for the quarter. The company had revenue of $239.46 million during the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%. On average, analysts forecast that National HealthCare will post $2.54 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, September 29th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, September 28th. National HealthCare’s payout ratio is 52.94%.

National HealthCare announced that its Board of Directors has approved a share buyback plan on Wednesday, August 9th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, SVP Jeffrey Russell Smith sold 1,848 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $62.78, for a total transaction of $116,017.44. Following the sale, the senior vice president now directly owns 3,111 shares in the company, valued at approximately $195,308.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC lifted its stake in National HealthCare by 235.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock worth $110,000 after purchasing an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of National HealthCare by 286.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock worth $146,000 after buying an additional 1,542 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of National HealthCare by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock worth $195,000 after buying an additional 81 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of National HealthCare in the 2nd quarter worth $206,000. Finally, Virtu KCG Holdings LLC increased its holdings in shares of National HealthCare by 9.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock worth $229,000 after buying an additional 269 shares during the last quarter.

National HealthCare Company Profile

National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.

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