Stephen Fowler Flatt Sells 1,500 Shares of National HealthCare (NYSEAMERICAN:NHC) Stock

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

National HealthCare Stock Performance

Shares of National HealthCare stock opened at $233.40 on Friday. The stock has a 50 day moving average price of $216.53 and a two-hundred day moving average price of $187.42. National HealthCare Corporation has a 52 week low of $110.58 and a 52 week high of $239.29. The stock has a market capitalization of $3.66 billion, a PE ratio of 26.25 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 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 10.03%.

National HealthCare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. National HealthCare’s payout ratio is presently 61.89%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wheelhouse Advisory Group LLC grew its position in shares of National HealthCare by 24.8% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,577 shares of the company’s stock valued at $333,000 after purchasing an additional 313 shares in the last quarter. Nykredit A S purchased a new stake in shares of National HealthCare in the second quarter worth $207,000. Public Employees Retirement System of Ohio purchased a new stake in shares of National HealthCare in the second quarter worth $48,000. Capstone Investment Advisors LLC bought a new stake in National HealthCare during the second quarter valued at $208,000. Finally, Corient Private Wealth LP bought a new stake in National HealthCare during the second quarter valued at $2,627,000. 56.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NHC has been the subject of several recent analyst reports. Royal Bank Of Canada raised National HealthCare to a “hold” rating in a report on Monday, May 18th. 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 report on Monday, May 18th. Finally, BMO Capital Markets raised National HealthCare to a “hold” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average 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.