National HealthCare (NYSEAMERICAN:NHC) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of National HealthCare (NYSEAMERICAN:NHCFree Report) from a buy rating to a strong-buy rating in a report published on Friday.

National HealthCare Stock Up 0.8 %

NHC stock opened at $93.23 on Friday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 32.04 and a beta of 0.35. National HealthCare has a 12 month low of $51.56 and a 12 month high of $99.98.

National HealthCare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.36 annualized dividend and a yield of 2.53%. National HealthCare’s dividend payout ratio is currently 81.10%.

Insider Buying and Selling at National HealthCare

In other news, Director Emil E. Hassan sold 7,500 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $88.50, for a total transaction of $663,750.00. Following the transaction, the director now directly owns 65,595 shares of the company’s stock, valued at approximately $5,805,157.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On National HealthCare

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in National HealthCare by 9,150.0% in the 4th quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock valued at $34,000 after acquiring an additional 366 shares during the last quarter. Blue Trust Inc. acquired a new stake in National HealthCare in the 4th quarter valued at about $46,000. Lazard Asset Management LLC acquired a new stake in National HealthCare in the 2nd quarter valued at about $37,000. Captrust Financial Advisors grew its stake in National HealthCare by 57.1% in the 2nd quarter. Captrust Financial Advisors now owns 655 shares of the company’s stock valued at $46,000 after acquiring an additional 238 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in National HealthCare by 131.3% in the 2nd quarter. Parallel Advisors LLC now owns 694 shares of the company’s stock valued at $43,000 after acquiring an additional 394 shares during the last quarter. 48.13% of the stock is owned by institutional investors and hedge funds.

National HealthCare Company Profile

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National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, homecare and hospice agencies, and a behavioral health hospital. 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.

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