Systematic Financial Management LP lowered its position in shares of National HealthCare Corporation (NYSEAMERICAN:NHC – Free Report) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,248 shares of the company’s stock after selling 2,503 shares during the quarter. Systematic Financial Management LP owned approximately 0.74% of National HealthCare worth $18,565,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Morgan Stanley Institutional Investment Advisors LLC increased its position in National HealthCare by 38.6% in the fourth quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock worth $142,407,000 after purchasing an additional 289,566 shares during the period. First Trust Advisors LP lifted its position in National HealthCare by 556.4% during the 3rd quarter. First Trust Advisors LP now owns 207,483 shares of the company’s stock valued at $25,211,000 after purchasing an additional 175,873 shares during the period. Eversept Partners LP acquired a new position in National HealthCare during the 4th quarter valued at about $3,918,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 26,020 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of 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 purchasing an additional 21,041 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.
Insider Activity
In other news, Director Lisa Piercey acquired 949 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $184.26 per share, for a total transaction of $174,862.74. Following the transaction, the director directly owned 949 shares in the company, valued at approximately $174,862.74. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 13.92% of the stock is owned by company insiders.
Analyst Ratings Changes
Read Our Latest Stock Analysis on NHC
National HealthCare Price Performance
Shares of NYSEAMERICAN:NHC opened at $221.51 on Friday. The firm’s 50 day simple moving average is $202.45 and its 200 day simple moving average is $174.86. National HealthCare Corporation has a fifty-two week low of $93.54 and a fifty-two week high of $232.25. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 28.15 and a beta of 0.63.
National HealthCare (NYSEAMERICAN:NHC – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%. The firm had revenue of $381.82 million during the quarter.
National HealthCare Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.67 dividend. This is a positive change from National HealthCare’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. National HealthCare’s dividend payout ratio (DPR) is presently 61.89%.
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.
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