National HealthCare (NYSEAMERICAN:NHC) CFO Sells $1,537,694.10 in Stock

National HealthCare Corporation (NYSEAMERICAN:NHCGet Free Report) CFO Brian Kidd sold 6,813 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $225.70, for a total value of $1,537,694.10. Following the transaction, the chief financial officer directly owned 23,183 shares in the company, valued at approximately $5,232,403.10. This represents a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

National HealthCare Stock Performance

Shares of NYSEAMERICAN NHC traded up $3.29 during trading on Monday, reaching $227.76. The stock had a trading volume of 67,028 shares, compared to its average volume of 110,383. National HealthCare Corporation has a one year low of $114.59 and a one year high of $239.29. The stock has a market cap of $3.57 billion, a PE ratio of 25.62 and a beta of 0.62. The firm’s 50 day moving average price is $221.96 and its two-hundred day moving average price is $194.09.

National HealthCare (NYSEAMERICAN:NHCGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. The business had revenue of $408.03 million for the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.

National HealthCare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th. National HealthCare’s dividend payout ratio (DPR) is presently 61.89%.

Hedge Funds Weigh In On National HealthCare

Several hedge funds and other institutional investors have recently made changes to their positions in NHC. Allworth Financial LP acquired a new stake in National HealthCare in the 2nd quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in National HealthCare in the 2nd quarter valued at about $37,000. Public Employees Retirement System of Ohio acquired a new position in National HealthCare during the 2nd quarter valued at about $48,000. EverSource Wealth Advisors LLC increased its stake in National HealthCare by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after buying an additional 69 shares during the period. Finally, KBC Group NV acquired a new position in National HealthCare during the 1st quarter valued at about $82,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NHC has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets upgraded National HealthCare to a “hold” rating in a research note on Monday, May 18th. Robert W. Baird raised National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada upgraded National HealthCare to a “hold” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, National HealthCare has an average rating of “Buy”.

View Our Latest Stock Analysis on NHC

National HealthCare Company Profile

(Get Free Report)

National HealthCare Corporation (NHC) is a provider of post-acute health care and senior living services headquartered in Murfreesboro, Tennessee. The company operates skilled nursing and rehabilitation centers, assisted living and retirement communities, and other services designed to support patients and residents who need short-term recovery, long-term care or assistance with daily living.

NHC also provides home health, hospice and palliative care, behavioral health services, and pharmacy services.

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