Insider Selling: National HealthCare (NYSEAMERICAN:NHC) VP Sells $1,087,650.00 in Stock

National HealthCare Corporation (NYSEAMERICAN:NHC) VP Vicki Dodson sold 4,834 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $225.00, for a total transaction of $1,087,650.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

National HealthCare Stock Up 2.6%

Shares of NHC opened at $227.36 on Friday. The firm has a market cap of $3.56 billion, a PE ratio of 25.57 and a beta of 0.62. The company’s fifty day moving average is $223.74 and its two-hundred day moving average is $198.01. National HealthCare Corporation has a fifty-two week low of $116.42 and a fifty-two week high of $239.29.

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 company 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. National HealthCare’s payout ratio is 61.89%.

Institutional Trading of National HealthCare

A number of institutional investors have recently modified their holdings of NHC. BlackRock Inc. acquired a new stake in National HealthCare during the 2nd quarter worth approximately $417,602,000. Morgan Stanley Institutional Investment Advisors LLC lifted its position in National HealthCare by 38.6% during the fourth quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock valued at $142,407,000 after buying an additional 289,566 shares in the last quarter. First Trust Advisors LP grew its stake in National HealthCare by 45.4% during the first quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock worth $84,689,000 after buying an additional 165,615 shares during the period. Bank of New York Mellon Corp purchased a new stake in National HealthCare during the second quarter worth approximately $25,854,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of National HealthCare by 407.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 75,257 shares of the company’s stock worth $12,019,000 after acquiring an additional 60,420 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Company Profile

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.