VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in National HealthCare Corporation $NHC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in National HealthCare Corporation (NYSEAMERICAN:NHC) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 10,800 shares of the company’s stock, valued at approximately $2,283,000.

Several other hedge funds have also recently modified their holdings of the stock. Mariner LLC raised its position in National HealthCare by 0.9% during the 4th quarter. Mariner LLC now owns 6,839 shares of the company’s stock worth $938,000 after buying an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in National HealthCare by 28.5% during the first quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after purchasing an additional 69 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in National HealthCare by 1.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,048 shares of the company’s stock worth $966,000 after buying an additional 70 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of National HealthCare by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock worth $338,000 after acquiring an additional 78 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of National HealthCare by 1.2% during the first quarter. Hsbc Holdings PLC now owns 7,969 shares of the company’s stock worth $1,275,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

Insider Transactions at National HealthCare

In other National HealthCare news, Director David R. Gifford sold 1,779 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $225.42, for a total transaction of $401,022.18. Following the transaction, the director owned 1,030 shares in the company, valued at $232,182.60. The trade was a 63.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen Fowler Flatt sold 1,500 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total value of $355,620.00. Following the completion of the transaction, the chief executive officer directly owned 65,487 shares of the company’s stock, valued at $15,525,657.96. This represents a 2.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.92% of the stock is currently owned by corporate insiders.

National HealthCare Stock Down 1.0%

NHC opened at $224.92 on Friday. The business has a 50 day moving average price of $221.84 and a two-hundred day moving average price of $193.62. National HealthCare Corporation has a 52 week low of $113.72 and a 52 week high of $239.29. The company has a market cap of $3.52 billion, a PE ratio of 25.30 and a beta of 0.62.

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

National HealthCare Dividend Announcement

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 issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. National HealthCare’s payout ratio is 61.89%.

Analyst Upgrades and Downgrades

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

National HealthCare 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.