WESPAC Advisors LLC Has $895,000 Stock Holdings in National HealthCare Co. (NYSE:NHC)

WESPAC Advisors LLC trimmed its position in National HealthCare Co. (NYSE:NHC) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,317 shares of the company’s stock after selling 2,627 shares during the quarter. WESPAC Advisors LLC owned about 0.05% of National HealthCare worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP grew its holdings in National HealthCare by 378.0% during the 4th quarter. Allworth Financial LP now owns 564 shares of the company’s stock worth $61,000 after acquiring an additional 446 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of National HealthCare in the 4th quarter valued at approximately $83,000. Ballentine Partners LLC acquired a new stake in shares of National HealthCare in the 3rd quarter valued at approximately $223,000. Meridian Wealth Management LLC acquired a new stake in shares of National HealthCare in the 3rd quarter valued at approximately $229,000. Finally, Captrust Financial Advisors acquired a new stake in shares of National HealthCare in the 3rd quarter valued at approximately $233,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Health Corp National sold 28,147 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $113.71, for a total transaction of $3,200,595.37. Following the sale, the insider now directly owns 1,056,616 shares in the company, valued at approximately $120,147,805.36. The trade was a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Timothy J. Shelly sold 614 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $121.44, for a total value of $74,564.16. The disclosure for this sale can be found here. 13.75% of the stock is owned by company insiders.

National HealthCare Trading Down 2.8 %

Shares of National HealthCare stock opened at $93.70 on Friday. The business has a fifty day simple moving average of $103.26 and a two-hundred day simple moving average of $117.55. National HealthCare Co. has a 1 year low of $87.03 and a 1 year high of $138.49. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.74 and a beta of 0.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77.

National HealthCare Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, March 28th. National HealthCare’s dividend payout ratio is currently 30.58%.

Analyst Upgrades and Downgrades

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

About National HealthCare

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.