National HealthCare Co. (NYSE:NHC) SVP Brian F. Kidd Sells 2,000 Shares of Stock

National HealthCare Co. (NYSE:NHC) SVP Brian F. Kidd sold 2,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the completion of the sale, the senior vice president now owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

National HealthCare Stock Up 0.3 %

Shares of NHC stock opened at $131.65 on Friday. The company has a market cap of $2.03 billion, a P/E ratio of 25.03 and a beta of 0.42. National HealthCare Co. has a 52-week low of $63.44 and a 52-week high of $138.49. The stock has a 50-day moving average price of $125.64.

National HealthCare (NYSE:NHC) last released its earnings results on Friday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter. The company had revenue of $300.66 million during the quarter. National HealthCare had a return on equity of 6.39% and a net margin of 7.74%.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Monday, September 30th. National HealthCare’s dividend payout ratio is presently 46.39%.

Institutional Investors Weigh In On National HealthCare

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in National HealthCare by 4.9% during the first quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock valued at $150,633,000 after buying an additional 74,911 shares during the period. Dimensional Fund Advisors LP boosted its stake in National HealthCare by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock valued at $110,788,000 after acquiring an additional 31,697 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of National HealthCare by 123.0% during the 2nd quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock valued at $9,469,000 after acquiring an additional 48,182 shares during the period. Lazard Asset Management LLC increased its stake in shares of National HealthCare by 4,448.7% during the 1st quarter. Lazard Asset Management LLC now owns 55,267 shares of the company’s stock worth $5,222,000 after purchasing an additional 54,052 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of National HealthCare by 139.3% in the 2nd 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. 56.44% of the stock is currently owned by institutional investors.

National HealthCare Company Profile

National HealthCare Corporation principally operates long-term health carecenters and home health care programs. Their health care centers provide subacute, skilled and intermediate nursing and rehabilitative care.