WESPAC Advisors LLC Sells 799 Shares of National HealthCare Co. (NYSE:NHC)

WESPAC Advisors LLC lowered its stake in shares of National HealthCare Co. (NYSE:NHC) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,944 shares of the company’s stock after selling 799 shares during the period. National HealthCare accounts for about 1.0% of WESPAC Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. WESPAC Advisors LLC’s holdings in National HealthCare were worth $1,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley Institutional Investment Advisors LLC purchased a new position in shares of National HealthCare in the 3rd quarter worth approximately $98,156,000. Vanguard Group Inc. grew its holdings in National HealthCare by 4.9% in the first quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock worth $150,633,000 after purchasing an additional 74,911 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of National HealthCare by 4,448.7% during the first 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 in the last quarter. Victory Capital Management Inc. lifted its holdings 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 purchasing an additional 48,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of National HealthCare by 3.2% in the 2nd 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 in the last quarter. Institutional investors own 56.44% of the company’s stock.

National HealthCare Price Performance

Shares of NYSE NHC opened at $126.48 on Friday. National HealthCare Co. has a 52 week low of $75.53 and a 52 week high of $138.49. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.95 billion, a P/E ratio of 15.85 and a beta of 0.41. The business’s 50 day moving average price is $123.69 and its 200 day moving average price is $118.92.

National HealthCare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be issued a dividend of $0.61 per share. The ex-dividend date is Monday, December 30th. This represents a $2.44 annualized dividend and a dividend yield of 1.93%. National HealthCare’s dividend payout ratio (DPR) is presently 30.58%.

Analyst Ratings Changes

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

Insider Activity at National HealthCare

In related news, SVP Brian F. Kidd sold 2,000 shares of National HealthCare stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $130.01, for a total transaction of $260,020.00. Following the completion of the transaction, the senior vice president now directly owns 21,747 shares in the company, valued at approximately $2,827,327.47. This trade represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.75% of the stock is currently owned by insiders.

National HealthCare Company Profile

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.