Vest Financial LLC Sells 5,102 Shares of National HealthCare Corporation $NHC

Vest Financial LLC lowered its holdings in National HealthCare Corporation (NYSEAMERICAN:NHC) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,986 shares of the company’s stock after selling 5,102 shares during the period. Vest Financial LLC’s holdings in National HealthCare were worth $9,875,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in National HealthCare during the 2nd quarter worth $417,602,000. Morgan Stanley Institutional Investment Advisors LLC acquired a new stake in National HealthCare in the 2nd quarter valued at $217,391,000. First Trust Advisors LP increased its holdings in National HealthCare by 45.4% in the 1st quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock valued at $84,689,000 after purchasing an additional 165,615 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in National HealthCare in the second quarter valued at about $25,854,000. Finally, Manatuck Hill Partners LLC purchased a new position in National HealthCare in the second quarter valued at about $12,561,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Price Performance

Shares of NHC opened at $243.07 on Friday. The stock’s 50-day moving average is $227.44 and its two-hundred day moving average is $207.83. The stock has a market cap of $3.81 billion, a PE ratio of 33.95 and a beta of 0.60. National HealthCare Corporation has a 12 month low of $118.14 and a 12 month high of $248.20.

National HealthCare (NYSEAMERICAN:NHC) last issued its earnings results 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 during the quarter.

National HealthCare Dividend Announcement

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

Insider Activity

In other National HealthCare news, CEO Stephen Fowler Flatt sold 1,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer owned 65,487 shares of the company’s stock, valued at $15,525,657.96. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Josh A. Mccreary sold 2,719 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $224.23, for a total transaction of $609,681.37. Following the completion of the sale, the vice president directly owned 9,979 shares of the company’s stock, valued at $2,237,591.17. This trade represents a 21.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,645 shares of company stock worth $3,991,668 in the last ninety days. 13.92% of the stock is currently owned by company insiders.

About National HealthCare

National HealthCare Corporation (NHC) is a provider of post-acute and senior healthcare services. The company operates skilled nursing centers, assisted living and memory care communities, and rehabilitation facilities. Its services are designed to support patients recovering from illness or injury, as well as older adults requiring long-term residential care.

NHC also provides home healthcare, hospice, and private-duty nursing services, allowing patients to receive medical and supportive care in their homes or in hospice settings.