Ritholtz Wealth Management acquired a new stake in National HealthCare Corporation (NYSEAMERICAN:NHC – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,686 shares of the company’s stock, valued at approximately $589,000.
A number of other institutional investors have also recently bought and sold shares of the business. Mariner LLC raised its position in shares of National HealthCare by 0.9% during the 4th quarter. Mariner LLC now owns 6,839 shares of the company’s stock valued at $938,000 after acquiring an additional 59 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of National HealthCare by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock worth $338,000 after purchasing an additional 78 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of National HealthCare by 3.3% during the fourth quarter. Corient Private Wealth LLC now owns 4,499 shares of the company’s stock worth $617,000 after purchasing an additional 144 shares during the period. State of Alaska Department of Revenue grew its stake in shares of National HealthCare by 2.2% during the fourth quarter. State of Alaska Department of Revenue now owns 7,161 shares of the company’s stock worth $981,000 after purchasing an additional 152 shares during the period. Finally, Quarry LP increased its holdings in National HealthCare by 171.9% in the third quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.
Insider Buying and Selling
In related news, Director Lisa Piercey acquired 949 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $184.26 per share, with a total value of $174,862.74. Following the transaction, the director owned 949 shares of the company’s stock, valued at $174,862.74. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.92% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on NHC
National HealthCare Stock Performance
Shares of NHC opened at $211.36 on Wednesday. The stock has a 50 day simple moving average of $188.86 and a 200 day simple moving average of $165.47. National HealthCare Corporation has a 52-week low of $93.54 and a 52-week high of $213.31. The firm has a market capitalization of $3.30 billion, a PE ratio of 26.86 and a beta of 0.64.
National HealthCare (NYSEAMERICAN:NHC – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $1.91 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 for the quarter.
National HealthCare Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, June 30th. This is a positive change from National HealthCare’s previous quarterly dividend of $0.64. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.3%. National HealthCare’s dividend payout ratio (DPR) is 59.12%.
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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