Key Points
- National HealthCare VP Vicki Dodson sold 4,834 shares at an average price of $225, generating approximately $1.09 million. Her remaining direct ownership fell 31.07% to 10,726 shares.
- NHC shares were trading near $224.87, up 0.9%, with a market capitalization of approximately $3.52 billion and a one-year range of $116.42 to $239.29.
- The company declared a quarterly dividend of $0.67 per share, equivalent to an annualized $2.68 payout and a 1.2% yield; institutional investors own 56.44% of the stock.
National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) VP Vicki Dodson sold 4,834 shares of National HealthCare stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $225.00, for a total value of $1,087,650.00. Following the completion of the transaction, the vice president directly owned 10,726 shares in the company, valued at approximately $2,413,350. This represents a 31.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
National HealthCare Trading Up 0.9%
NHC opened at $224.87 on Thursday. The business has a 50 day moving average of $223.82 and a 200-day moving average of $197.43. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 25.29 and a beta of 0.62. National HealthCare Corporation has a 1-year low of $116.42 and a 1-year high of $239.29.
National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last announced its 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 for the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.03%.
National HealthCare Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. National HealthCare's payout ratio is presently 61.89%.
Institutional Investors Weigh In On National HealthCare
Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in National HealthCare during the second quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in National HealthCare in the 2nd quarter valued at approximately $37,000. Public Employees Retirement System of Ohio acquired a new position in National HealthCare in the 2nd quarter valued at approximately $48,000. EverSource Wealth Advisors LLC lifted its position in shares of National HealthCare by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company's stock worth $50,000 after acquiring an additional 69 shares during the period. Finally, KBC Group NV bought a new stake in shares of National HealthCare in the 1st quarter worth approximately $82,000. Institutional investors own 56.44% of the company's stock.
National HealthCare Company Profile
(
Get Free Report)
National HealthCare Corporation (NHC) is a provider of post-acute health care and senior living services headquartered in Murfreesboro, Tennessee. The company operates skilled nursing and rehabilitation centers, assisted living and retirement communities, and other services designed to support patients and residents who need short-term recovery, long-term care or assistance with daily living.
NHC also provides home health, hospice and palliative care, behavioral health services, and pharmacy services.
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