Nisa Investment Advisors LLC Raises Stock Position in National HealthCare Co. (NYSE:NHC)

Nisa Investment Advisors LLC raised its stake in shares of National HealthCare Co. (NYSE:NHC) by 5.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,091 shares of the company’s stock after acquiring an additional 206 shares during the quarter. Nisa Investment Advisors LLC’s holdings in National HealthCare were worth $517,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of National HealthCare by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock worth $150,633,000 after purchasing an additional 74,911 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of National HealthCare by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock valued at $110,788,000 after acquiring an additional 31,697 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of National HealthCare by 123.0% during the second quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock valued at $9,469,000 after acquiring an additional 48,182 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of National HealthCare by 30.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock valued at $8,136,000 after acquiring an additional 15,061 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of National HealthCare by 4,448.7% in the first quarter. Lazard Asset Management LLC now owns 55,267 shares of the company’s stock worth $5,222,000 after acquiring an additional 54,052 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Brian F. Kidd sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the completion of the sale, the senior vice president now owns 21,747 shares in the company, valued at $2,827,327.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.75% of the stock is owned by insiders.

National HealthCare Stock Up 3.5 %

Shares of NHC stock opened at $120.93 on Wednesday. National HealthCare Co. has a fifty-two week low of $69.12 and a fifty-two week high of $138.49. The company has a fifty day moving average price of $124.21. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 20.39 and a beta of 0.41.

National HealthCare (NYSE:NHC) last posted its quarterly earnings results on Friday, August 9th. The company reported $1.00 earnings per share for the quarter. The firm had revenue of $300.66 million for the quarter. National HealthCare had a net margin of 7.74% and a return on equity of 6.39%.

National HealthCare Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Monday, September 30th. National HealthCare’s payout ratio is currently 41.15%.

National HealthCare 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.