California State Teachers Retirement System lowered its position in National HealthCare Co. (NYSEAMERICAN:NHC) by 10.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,840 shares of the company’s stock after selling 2,225 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of National HealthCare worth $1,392,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in NHC. Acrospire Investment Management LLC lifted its stake in shares of National HealthCare by 235.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of National HealthCare by 286.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock worth $146,000 after buying an additional 1,542 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of National HealthCare by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock worth $195,000 after buying an additional 81 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of National HealthCare during the 2nd quarter worth about $206,000. Finally, Virtu KCG Holdings LLC lifted its stake in shares of National HealthCare by 9.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock worth $229,000 after buying an additional 269 shares during the last quarter.
A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of National HealthCare from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 12th. ValuEngine cut shares of National HealthCare from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd.
In related news, Director James Paul Abernathy sold 800 shares of National HealthCare stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $64.00, for a total transaction of $51,200.00. Following the sale, the director now directly owns 23,478 shares of the company’s stock, valued at approximately $1,502,592. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey Russell Smith sold 1,499 shares of National HealthCare stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $67.06, for a total transaction of $100,522.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,147 shares of company stock worth $267,740.
Shares of National HealthCare Co. (NHC) traded down $0.38 during trading on Wednesday, reaching $63.74. 21,428 shares of the company’s stock traded hands, compared to its average volume of 28,689. National HealthCare Co. has a twelve month low of $57.73 and a twelve month high of $78.99.
National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.75 earnings per share for the quarter. National HealthCare had a net margin of 4.62% and a return on equity of 6.60%. The business had revenue of $241.99 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, December 29th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, December 28th. National HealthCare’s dividend payout ratio is currently 43.13%.
National HealthCare Profile
National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.
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