National HealthCare Co. (NYSE:NHC) VP Sells $74,564.16 in Stock

National HealthCare Co. (NYSE:NHC) VP Timothy J. Shelly sold 614 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $121.44, for a total value of $74,564.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

National HealthCare Trading Down 3.2 %

NHC opened at $99.96 on Wednesday. The firm has a 50 day simple moving average of $120.06 and a 200 day simple moving average of $122.40. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week high of $138.49. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 12.53 and a beta of 0.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, December 30th. National HealthCare’s dividend payout ratio (DPR) is currently 30.58%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NHC. GAMMA Investing LLC increased its holdings in National HealthCare by 35.5% in the third quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 82 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of National HealthCare by 2.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,426 shares of the company’s stock worth $373,000 after buying an additional 97 shares during the period. Bank of Montreal Can increased its stake in shares of National HealthCare by 2.6% in the 2nd quarter. Bank of Montreal Can now owns 3,903 shares of the company’s stock valued at $423,000 after acquiring an additional 100 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of National HealthCare by 1.1% in the 2nd quarter. WINTON GROUP Ltd now owns 9,719 shares of the company’s stock valued at $1,054,000 after acquiring an additional 107 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of National HealthCare by 5.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the company’s stock valued at $517,000 after acquiring an additional 206 shares during the period. 56.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

National HealthCare Company 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.