National HealthCare Co. (NYSEAMERICAN:NHC) Director James Paul Abernathy sold 800 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $64.00, for a total value of $51,200.00. Following the transaction, the director now directly owns 23,478 shares in the company, valued at $1,502,592. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
National HealthCare Co. (NYSEAMERICAN:NHC) opened at $65.25 on Tuesday. National HealthCare Co. has a one year low of $57.73 and a one year high of $78.99.
National HealthCare (NYSEAMERICAN:NHC) last released its earnings results on Thursday, November 9th. The company reported $0.75 earnings per share for the quarter. The company had revenue of $241.99 million for the quarter. National HealthCare had a net margin of 4.62% and a return on equity of 6.60%.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, December 29th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, December 28th. National HealthCare’s payout ratio is currently 43.13%.
Several research firms have recently issued reports on NHC. BidaskClub downgraded shares of National HealthCare from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. ValuEngine downgraded shares of National HealthCare from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd.
Several institutional investors have recently bought and sold shares of NHC. Russell Investments Group Ltd. increased its holdings in shares of National HealthCare by 1.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 56,013 shares of the company’s stock worth $3,929,000 after buying an additional 904 shares during the last quarter. Bowling Portfolio Management LLC bought a new position in National HealthCare during the 2nd quarter valued at about $870,000. Sei Investments Co. grew its holdings in National HealthCare by 70.8% during the 2nd quarter. Sei Investments Co. now owns 4,121 shares of the company’s stock valued at $289,000 after purchasing an additional 1,708 shares during the last quarter. Cigna Investments Inc. New bought a new position in National HealthCare during the 2nd quarter valued at about $242,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in National HealthCare by 0.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,843 shares of the company’s stock valued at $3,146,000 after purchasing an additional 356 shares during the last quarter.
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National HealthCare Company Profile
National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.
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