National HealthCare Co. (NYSE:NHC) VP Timothy J. Shelly Sells 614 Shares

National HealthCare Co. (NYSE:NHC) VP Timothy J. Shelly sold 614 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $121.44, for a total value of $74,564.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

National HealthCare Trading Down 3.3 %

Shares of NHC stock opened at $103.31 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.60 billion, a P/E ratio of 12.95 and a beta of 0.46. The stock has a 50 day simple moving average of $120.50 and a 200 day simple moving average of $122.45. National HealthCare Co. has a 1 year low of $87.03 and a 1 year high of $138.49.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, December 30th. National HealthCare’s dividend payout ratio (DPR) is currently 30.58%.

Institutional Investors Weigh In On National HealthCare

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of National HealthCare by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock valued at $110,788,000 after buying an additional 31,697 shares during the period. Morgan Stanley Institutional Investment Advisors LLC acquired a new position in National HealthCare during the third quarter valued at approximately $98,156,000. Systematic Financial Management LP raised its position in National HealthCare by 6.6% during the third quarter. Systematic Financial Management LP now owns 113,922 shares of the company’s stock valued at $14,328,000 after purchasing an additional 7,011 shares in the last quarter. Victory Capital Management Inc. raised its position in National HealthCare by 123.0% during the second quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock valued at $9,469,000 after purchasing an additional 48,182 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in National HealthCare by 30.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock valued at $8,136,000 after purchasing an additional 15,061 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

National HealthCare Company Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its 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 for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.