National HealthCare Co. (NYSE:NHC) Insider Sells $3,200,595.37 in Stock

National HealthCare Co. (NYSE:NHC) insider Health Corp National sold 28,147 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $113.71, for a total value of $3,200,595.37. Following the transaction, the insider now owns 1,056,616 shares in the company, valued at $120,147,805.36. The trade was a 2.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

National HealthCare Stock Down 1.9 %

NHC stock opened at $109.62 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.74 and a beta of 0.43. The business’s fifty day moving average price is $122.04 and its two-hundred day moving average price is $122.09. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week high of $138.49.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, December 30th. National HealthCare’s payout ratio is currently 30.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NHC. Morgan Stanley Institutional Investment Advisors LLC bought a new position in shares of National HealthCare in the third quarter worth $98,156,000. Victory Capital Management Inc. increased its position in shares of National HealthCare by 123.0% in the second quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock worth $9,469,000 after purchasing an additional 48,182 shares during the period. Dimensional Fund Advisors LP increased its position in shares of National HealthCare by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock worth $110,788,000 after purchasing an additional 31,697 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of National HealthCare by 139.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 49,627 shares of the company’s stock worth $5,380,000 after purchasing an additional 28,886 shares during the period. Finally, Hood River Capital Management LLC bought a new position in shares of National HealthCare in the second quarter worth $2,517,000. Institutional investors own 56.44% of the company’s stock.

Wall Street Analyst Weigh In

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

About National HealthCare

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.