National HealthCare Co. (NYSEAMERICAN:NHC) Sees Large Decline in Short Interest
National HealthCare Co. (NYSEAMERICAN:NHC) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 168,500 shares, a drop of 5.1% from the June 15th total of 177,500 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 52,600 shares, the days-to-cover ratio is currently 3.2 days.
Several institutional investors have recently modified their holdings of NHC. Victory Capital Management Inc. boosted its stake in shares of National HealthCare by 29.1% during the 4th quarter. Victory Capital Management Inc. now owns 44,232 shares of the company’s stock worth $3,823,000 after acquiring an additional 9,968 shares during the last quarter. FMR LLC raised its position in shares of National HealthCare by 9,082.1% during the 4th quarter. FMR LLC now owns 13,314 shares of the company’s stock valued at $1,150,000 after purchasing an additional 13,169 shares during the period. Bank of Montreal Can raised its position in shares of National HealthCare by 12.5% during the 4th quarter. Bank of Montreal Can now owns 4,185 shares of the company’s stock valued at $362,000 after purchasing an additional 465 shares during the period. Envestnet Asset Management Inc. raised its position in shares of National HealthCare by 10.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,078 shares of the company’s stock valued at $352,000 after purchasing an additional 379 shares during the period. Finally, Great West Life Assurance Co. Can bought a new stake in shares of National HealthCare during the 4th quarter valued at $81,000.
Separately, TheStreet cut shares of National HealthCare from a “b-” rating to a “c” rating in a report on Thursday, May 14th.
National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings results on Friday, May 8th. The company reported $1.09 earnings per share for the quarter. The business had revenue of $256.12 million for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, June 29th.
About National HealthCare
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs. 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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