Public Employees Retirement System of Ohio Takes Position in National HealthCare Corporation $NHC

Public Employees Retirement System of Ohio purchased a new position in National HealthCare Corporation (NYSEAMERICAN:NHC) during the second quarter, Holdings Channel.com reports. The firm purchased 50,801 shares of the company’s stock, valued at approximately $744,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in National HealthCare during the third quarter valued at about $25,000. Allworth Financial LP acquired a new position in shares of National HealthCare in the second quarter worth about $27,000. Quarry LP increased its position in shares of National HealthCare by 171.9% in the third quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after acquiring an additional 165 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of National HealthCare in the second quarter worth approximately $37,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of National HealthCare during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

Insider Buying and Selling

In other National HealthCare news, CEO Stephen Fowler Flatt sold 1,500 shares of the stock in a transaction that occurred on 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 owned 65,487 shares in the company, valued at $15,525,657.96. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $401,022.18. Following the completion of the transaction, the director directly owned 1,030 shares in the company, valued at approximately $232,182.60. This represents a 63.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.92% of the stock is owned by corporate insiders.

National HealthCare Stock Up 2.8%

Shares of NYSEAMERICAN:NHC opened at $227.24 on Thursday. The firm has a fifty day moving average of $221.71 and a two-hundred day moving average of $193.15. National HealthCare Corporation has a 12-month low of $112.95 and a 12-month high of $239.29. The firm has a market capitalization of $3.56 billion, a P/E ratio of 25.56 and a beta of 0.62.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.74 EPS for the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.The firm had revenue of $408.03 million for the quarter.

National HealthCare Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend 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 is presently 61.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NHC. Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada upgraded National HealthCare to a “hold” 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 research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, National HealthCare currently 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.