National HealthCare (NYSEAMERICAN:NHC) CEO Stephen Fowler Flatt Sells 1,500 Shares of Stock

National HealthCare Corporation (NYSEAMERICAN:NHC) CEO Stephen Fowler Flatt sold 1,500 shares of National HealthCare stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total transaction of $355,620.00. Following the transaction, the chief executive officer directly owned 65,487 shares of the company’s stock, valued at approximately $15,525,657.96. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

National HealthCare Price Performance

NYSEAMERICAN:NHC traded up $2.71 during mid-day trading on Thursday, hitting $236.75. 114,463 shares of the company’s stock were exchanged, compared to its average volume of 112,167. The company has a market cap of $3.71 billion, a PE ratio of 26.63 and a beta of 0.61. National HealthCare Corporation has a one year low of $109.81 and a one year high of $239.29. The business has a fifty day moving average price of $215.00 and a 200 day moving average price of $186.44.

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

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 30th. National HealthCare’s payout ratio is currently 61.89%.

Institutional Trading of National HealthCare

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of National HealthCare in the second quarter worth approximately $48,000. Capstone Investment Advisors LLC bought a new position in National HealthCare during the second quarter valued at approximately $208,000. Corient Private Wealth LP bought a new position in National HealthCare during the second quarter valued at approximately $2,627,000. Bank of America Corp DE purchased a new stake in National HealthCare in the second quarter worth approximately $4,863,000. Finally, Man Group plc purchased a new stake in National HealthCare in the second quarter worth approximately $1,961,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Robert W. Baird upgraded shares of National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Royal Bank Of Canada raised shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. Finally, BMO Capital Markets upgraded shares of National HealthCare to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

National HealthCare Company Profile

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.