Weiss Asset Management LP Has $648,000 Stake in National HealthCare Corporation $NHC

Weiss Asset Management LP reduced its holdings in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) by 49.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,060 shares of the company’s stock after selling 3,952 shares during the quarter. Weiss Asset Management LP’s holdings in National HealthCare were worth $648,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in National HealthCare during the third quarter worth about $25,000. Quarry LP lifted its position in shares of National HealthCare by 171.9% during the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after buying an additional 165 shares during the last quarter. Kestra Advisory Services LLC bought a new position in National HealthCare during the fourth quarter worth about $42,000. Simplex Trading LLC grew its stake in National HealthCare by 140.0% in the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after buying an additional 203 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of National HealthCare during the 2nd quarter valued at $58,000. 56.44% of the stock is owned by institutional investors.

National HealthCare Price Performance

Shares of NHC stock opened at $226.09 on Tuesday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 28.73 and a beta of 0.63. National HealthCare Corporation has a one year low of $94.04 and a one year high of $232.25. The company’s fifty day moving average price is $203.69 and its 200-day moving average price is $176.17.

National HealthCare (NYSEAMERICAN:NHC) last issued its earnings results on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%. The company had revenue of $381.82 million during the quarter.

National HealthCare Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.67 dividend. The ex-dividend date is Tuesday, June 30th. This is a positive change from National HealthCare’s previous quarterly dividend of $0.64. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. National HealthCare’s dividend payout ratio (DPR) is presently 61.89%.

Insider Buying and Selling at National HealthCare

In other National HealthCare news, Director Lisa Piercey acquired 949 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $184.26 per share, with a total value of $174,862.74. Following the completion of the purchase, the director directly owned 949 shares in the company, valued at approximately $174,862.74. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NHC has been the subject of several recent research reports. BMO Capital Markets raised National HealthCare to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Robert W. Baird upgraded National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada raised National HealthCare to a “hold” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

About National HealthCare

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.