National HealthCare Co. (NYSE:NHC) VP Sells $74,564.16 in Stock

National HealthCare Co. (NYSE:NHC) VP Timothy J. Shelly sold 614 shares of National HealthCare stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $121.44, for a total value of $74,564.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

National HealthCare Trading Down 0.4 %

NHC opened at $99.52 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 52 week low of $87.03 and a 52 week high of $138.49. The business’s 50 day moving average is $119.67 and its two-hundred day moving average is $122.24. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 12.47 and a beta of 0.46.

National HealthCare Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.45%. The ex-dividend date is Monday, December 30th. National HealthCare’s payout ratio is currently 30.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

Institutional Investors Weigh In On National HealthCare

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in National HealthCare by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock worth $110,788,000 after acquiring an additional 31,697 shares during the period. Morgan Stanley Institutional Investment Advisors LLC acquired a new position in shares of National HealthCare during the third quarter worth about $98,156,000. Systematic Financial Management LP raised its holdings in National HealthCare by 6.6% during the third quarter. Systematic Financial Management LP now owns 113,922 shares of the company’s stock worth $14,328,000 after purchasing an additional 7,011 shares in the last quarter. Victory Capital Management Inc. lifted its position in National HealthCare by 123.0% in the second quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock valued at $9,469,000 after purchasing an additional 48,182 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in National HealthCare by 30.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock worth $8,136,000 after purchasing an additional 15,061 shares during the period. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Company Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.