National HealthCare Co. (NYSEAMERICAN:NHC) Director Ernest G. Burgess III sold 2,500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $79.00, for a total transaction of $197,500.00. Following the sale, the director now directly owns 98,734 shares in the company, valued at approximately $7,799,986. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSEAMERICAN NHC traded up $0.12 on Thursday, hitting $80.80. The company’s stock had a trading volume of 56,087 shares, compared to its average volume of 39,402. National HealthCare Co. has a 12-month low of $57.50 and a 12-month high of $86.53.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, March 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, March 28th.
A number of hedge funds have recently modified their holdings of NHC. Advisor Group Inc. increased its position in National HealthCare by 83.5% during the fourth quarter. Advisor Group Inc. now owns 1,002 shares of the company’s stock worth $79,000 after purchasing an additional 456 shares during the last quarter. Legal & General Group Plc increased its position in shares of National HealthCare by 14.3% in the fourth quarter. Legal & General Group Plc now owns 2,158 shares of the company’s stock worth $169,000 after acquiring an additional 270 shares in the last quarter. North Point Portfolio Managers Corp OH acquired a new stake in shares of National HealthCare in the fourth quarter worth $204,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of National HealthCare in the third quarter worth $210,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of National HealthCare in the fourth quarter worth $228,000.
National HealthCare Company Profile
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs. The company's skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy services for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.
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