Militia Capital Management LLC Makes New Investment in National HealthCare Corporation $NHC

Militia Capital Management LLC purchased a new position in National HealthCare Corporation (NYSEAMERICAN:NHC) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 17,700 shares of the company’s stock, valued at approximately $2,827,000.

Other large investors also recently modified their holdings of the company. Morgan Stanley Institutional Investment Advisors LLC increased its holdings in shares of National HealthCare by 38.6% during the fourth quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock valued at $142,407,000 after purchasing an additional 289,566 shares during the period. First Trust Advisors LP lifted its holdings in National HealthCare by 556.4% in the third quarter. First Trust Advisors LP now owns 207,483 shares of the company’s stock worth $25,211,000 after purchasing an additional 175,873 shares during the period. Eversept Partners LP bought a new position in National HealthCare in the 4th quarter valued at about $3,918,000. Goldman Sachs Group Inc. grew its position in National HealthCare by 43.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 85,781 shares of the company’s stock valued at $11,760,000 after buying an additional 26,020 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in National HealthCare by 82.2% in the 2nd quarter. Lazard Asset Management LLC now owns 46,647 shares of the company’s stock valued at $4,991,000 after buying an additional 21,041 shares in the last quarter. 56.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at National HealthCare

In other National HealthCare news, Director Lisa Piercey acquired 949 shares of National HealthCare stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $184.26 per share, for a total transaction of $174,862.74. Following the transaction, the director owned 949 shares in the company, valued at approximately $174,862.74. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada upgraded shares of National HealthCare to a “hold” rating in a report on Monday, May 18th. Finally, BMO Capital Markets upgraded shares of National HealthCare to a “hold” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

National HealthCare Stock Performance

NHC opened at $220.34 on Thursday. The company has a market capitalization of $3.44 billion, a PE ratio of 28.00 and a beta of 0.63. The stock’s fifty day moving average is $201.98 and its 200-day moving average is $174.22. National HealthCare Corporation has a one year low of $93.54 and a one year high of $232.25.

National HealthCare (NYSEAMERICAN:NHC) last announced its earnings results on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. The business had revenue of $381.82 million during the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.

National HealthCare Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s dividend payout ratio is currently 61.89%.

National HealthCare 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.