National HealthCare (NYSEAMERICAN:NHC) CFO Sells $1,537,694.10 in Stock

National HealthCare Corporation (NYSEAMERICAN:NHC) CFO Brian Kidd sold 6,813 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $225.70, for a total transaction of $1,537,694.10. Following the completion of the sale, the chief financial officer directly owned 23,183 shares in the company, valued at approximately $5,232,403.10. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

National HealthCare Stock Performance

Shares of NYSEAMERICAN:NHC opened at $225.36 on Thursday. National HealthCare Corporation has a 52-week low of $114.86 and a 52-week high of $239.29. The company has a market capitalization of $3.53 billion, a P/E ratio of 25.35 and a beta of 0.62. The company has a 50-day simple moving average of $222.64 and a 200 day simple moving average of $195.52.

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

National HealthCare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued 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 dividend yield of 1.2%. National HealthCare’s payout ratio is presently 61.89%.

Institutional Investors Weigh In On National HealthCare

Several hedge funds have recently added to or reduced their stakes in NHC. BlackRock Inc. acquired a new position in shares of National HealthCare in the second quarter valued at $417,602,000. Morgan Stanley Institutional Investment Advisors LLC bought a new stake in shares of National HealthCare during the 2nd quarter worth about $217,391,000. First Trust Advisors LP boosted its holdings in shares of National HealthCare by 45.4% during the 1st 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 acquired a new position in National HealthCare in the 2nd quarter valued at about $25,854,000. Finally, Manatuck Hill Partners LLC acquired a new position in National HealthCare in the 2nd quarter valued at about $12,561,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

About National HealthCare

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.