National HealthCare (NYSEAMERICAN:NHC) CEO Sells $355,620.00 in Stock

National HealthCare Corporation (NYSEAMERICAN:NHC) CEO Stephen Fowler Flatt sold 1,500 shares of National HealthCare stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total transaction of $355,620.00. Following the sale, the chief executive officer directly owned 65,487 shares of the company’s stock, valued at $15,525,657.96. This trade represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

National HealthCare Stock Down 1.4%

National HealthCare stock opened at $233.40 on Friday. National HealthCare Corporation has a 12 month low of $110.58 and a 12 month high of $239.29. The stock has a market cap of $3.66 billion, a P/E ratio of 26.25 and a beta of 0.61. The company’s fifty day simple moving average is $216.53 and its 200-day simple moving average is $187.42.

National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings data 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 return on equity of 10.03% and a net margin of 9.00%.

National HealthCare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.1%. National HealthCare’s dividend payout ratio (DPR) is 61.89%.

Institutional Investors Weigh In On National HealthCare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wheelhouse Advisory Group LLC grew its holdings in National HealthCare by 24.8% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,577 shares of the company’s stock valued at $333,000 after buying an additional 313 shares during the last quarter. Nykredit A S bought a new position in shares of National HealthCare during the 2nd quarter worth about $207,000. Public Employees Retirement System of Ohio acquired a new position in shares of National HealthCare during the second quarter valued at about $48,000. Capstone Investment Advisors LLC bought a new stake in shares of National HealthCare in the second quarter valued at about $208,000. Finally, Corient Private Wealth LP bought a new stake in shares of National HealthCare in the second quarter valued at about $2,627,000. 56.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on NHC. BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group upgraded shares of National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Royal Bank Of Canada upgraded shares of National HealthCare to a “hold” rating in a report on Monday, May 18th. Finally, Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

National HealthCare Company Profile

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.