National HealthCare Corporation $NHC Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its position in National HealthCare Corporation (NYSEAMERICAN:NHC) by 2,411.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,433 shares of the company’s stock after buying an additional 44,584 shares during the quarter. ProShare Advisors LLC owned 0.30% of National HealthCare worth $10,193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NHC. BlackRock Inc. purchased a new stake in shares of National HealthCare in the 2nd quarter worth about $417,602,000. Morgan Stanley Institutional Investment Advisors LLC purchased a new position in National HealthCare during the 2nd quarter valued at about $217,391,000. First Trust Advisors LP increased its holdings in National HealthCare by 45.4% during the 1st quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock valued at $84,689,000 after acquiring an additional 165,615 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in National HealthCare during the 2nd quarter valued at about $25,854,000. Finally, Arrowstreet Capital Limited Partnership raised its position in National HealthCare by 407.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 75,257 shares of the company’s stock worth $12,019,000 after acquiring an additional 60,420 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Trading Up 1.9%

Shares of NHC opened at $205.83 on Wednesday. National HealthCare Corporation has a 12-month low of $120.23 and a 12-month high of $248.20. The stock has a market cap of $3.22 billion, a P/E ratio of 29.12 and a beta of 0.64. The company has a 50-day moving average of $224.89 and a two-hundred day moving average of $194.40.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.74 EPS 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 for the quarter.

National HealthCare Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. National HealthCare’s dividend payout ratio is presently 61.89%.

Insider Activity

In other National HealthCare news, VP Josh A. Mccreary sold 2,719 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $224.23, for a total transaction of $609,681.37. Following the completion of the transaction, the vice president owned 9,979 shares of the company’s stock, valued at approximately $2,237,591.17. This trade represents a 21.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David R. Gifford sold 1,779 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $225.42, for a total value of $401,022.18. Following the completion of the transaction, the director directly owned 1,030 shares of the company’s stock, valued at approximately $232,182.60. This trade represents a 63.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,645 shares of company stock worth $3,991,668 in the last quarter. 13.92% of the stock is currently owned by corporate insiders.

National HealthCare Profile

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.