National HealthCare Corporation $NHC Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in National HealthCare Corporation (NYSEAMERICAN:NHC) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,657 shares of the company’s stock after purchasing an additional 3,007 shares during the quarter. Sei Investments Co.’s holdings in National HealthCare were worth $2,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NHC. Strs Ohio purchased a new stake in National HealthCare during the 4th quarter valued at about $809,000. Morgan Stanley Institutional Investment Advisors LLC lifted its stake in National HealthCare by 38.6% in the 4th quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock worth $142,407,000 after purchasing an additional 289,566 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in National HealthCare in the 1st quarter worth approximately $878,000. First Trust Advisors LP boosted its holdings in shares of National HealthCare by 45.4% during the 1st quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock worth $84,689,000 after purchasing an additional 165,615 shares during the last quarter. Finally, Militia Capital Management LLC acquired a new position in shares of National HealthCare during the 1st quarter worth approximately $2,827,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Analyst Upgrades and Downgrades

NHC has been the subject of several recent research reports. Robert W. Baird raised National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. The Goldman Sachs Group raised National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. BMO Capital Markets upgraded National HealthCare to a “hold” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada raised National HealthCare to a “hold” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, National HealthCare has a consensus rating of “Buy”.

National HealthCare Price Performance

NYSEAMERICAN:NHC opened at $215.54 on Friday. The company’s 50-day moving average is $209.03 and its two-hundred day moving average is $181.45. National HealthCare Corporation has a 1-year low of $96.99 and a 1-year high of $232.67. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 24.25 and a beta of 0.61.

National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. The business had revenue of $408.03 million during the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.15%.

National HealthCare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. National HealthCare’s dividend payout ratio is presently 61.89%.

Insider Transactions at National HealthCare

In other National HealthCare news, Director Lisa Piercey bought 949 shares of the business’s stock in a transaction on Monday, June 1st. The stock was bought at an average price of $184.26 per share, with a total value of $174,862.74. Following the completion of the purchase, the director directly owned 949 shares in the company, valued at $174,862.74. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.92% of the stock is currently owned by company insiders.

About National HealthCare

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.