Canada Pension Plan Investment Board Makes New $550,000 Investment in National HealthCare Corporation $NHC

Canada Pension Plan Investment Board bought a new stake in National HealthCare Corporation (NYSEAMERICAN:NHC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,600 shares of the company’s stock, valued at approximately $550,000.

A number of other hedge funds have also made changes to their positions in NHC. Manatuck Hill Partners LLC purchased a new stake in shares of National HealthCare in the 2nd quarter worth about $12,561,000. Legal & General Group Plc purchased a new position in National HealthCare during the 2nd quarter valued at about $6,585,000. The Manufacturers Life Insurance Company acquired a new position in National HealthCare during the second quarter worth about $1,400,000. Morgan Stanley Institutional Investment Advisors LLC acquired a new position in National HealthCare during the second quarter worth about $217,391,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of National HealthCare in the second quarter valued at about $231,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Wall Street Analyst Weigh In

NHC has been the topic of several research reports. BMO Capital Markets upgraded shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group upgraded National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Royal Bank Of Canada upgraded National HealthCare to a “hold” rating in a report on Monday, May 18th. Finally, Robert W. Baird raised National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Insider Buying and Selling

In other National HealthCare news, Director David R. Gifford sold 1,779 shares of National HealthCare stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $225.42, for a total value of $401,022.18. Following the completion of the sale, the director directly owned 1,030 shares of the company’s stock, valued at approximately $232,182.60. The trade was a 63.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Fowler Flatt sold 1,500 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total value of $355,620.00. Following the completion of the transaction, the chief executive officer owned 65,487 shares of the company’s stock, valued at $15,525,657.96. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 13.92% of the stock is currently owned by company insiders.

National HealthCare Trading Down 0.7%

Shares of NHC stock opened at $217.34 on Thursday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 24.45 and a beta of 0.62. The firm has a 50-day moving average price of $220.34 and a 200 day moving average price of $191.16. National HealthCare Corporation has a twelve month low of $111.24 and a twelve month high of $239.29.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. The company 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 Announces Dividend

The company 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 is Wednesday, September 30th. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. National HealthCare’s dividend payout ratio (DPR) is 61.89%.

About National HealthCare

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.