Elevation Point Wealth Partners LLC Purchases New Shares in National HealthCare Corporation $NHC

Elevation Point Wealth Partners LLC purchased a new position in National HealthCare Corporation (NYSEAMERICAN:NHC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,516 shares of the company’s stock, valued at approximately $533,000.

Other hedge funds have also bought and sold shares of the company. Mariner LLC raised its stake in shares of National HealthCare by 0.9% in the fourth quarter. Mariner LLC now owns 6,839 shares of the company’s stock valued at $938,000 after acquiring an additional 59 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of National HealthCare by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock worth $50,000 after purchasing an additional 69 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of National HealthCare by 1.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,048 shares of the company’s stock worth $966,000 after purchasing an additional 70 shares during the period. ProShare Advisors LLC grew its holdings in National HealthCare by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock valued at $338,000 after purchasing an additional 78 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in National HealthCare by 1.2% during the 1st quarter. Hsbc Holdings PLC now owns 7,969 shares of the company’s stock valued at $1,275,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 56.44% of the company’s stock.

Insider Activity at National HealthCare

In related 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 value of $355,620.00. Following the transaction, the chief executive officer owned 65,487 shares of the company’s stock, valued at $15,525,657.96. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa Piercey acquired 949 shares of National HealthCare stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $184.26 per share, for a total transaction of $174,862.74. Following the completion of the acquisition, the director directly owned 949 shares in the company, valued at $174,862.74. This trade represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 13.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

National HealthCare Price Performance

NHC stock opened at $224.73 on Wednesday. The company has a market capitalization of $3.52 billion, a PE ratio of 25.28 and a beta of 0.61. National HealthCare Corporation has a 12 month low of $110.83 and a 12 month high of $239.29. The firm’s 50-day moving average is $217.84 and its 200 day moving average is $188.77.

National HealthCare (NYSEAMERICAN:NHC) last released 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 Dividend Announcement

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

National HealthCare 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.