16,605 National HealthCare Corporation $NHC Shares Sold by Alps Advisors Inc.

Key Points

• Alps Advisors cut its National HealthCare stake by 18.9%, selling 16,605 shares in the third quarter and retaining 71,055 shares valued at about $15.6 million.
• Company insiders sold a combined 17,645 shares worth about $4.0 million over the past three months. Institutional investors own 56.44% of NHC.
• National HealthCare reported quarterly earnings of $1.76 per share on revenue of $407.97 million and declared a $0.67 quarterly dividend, equivalent to a 1.3% yield.

Alps Advisors Inc. trimmed its holdings in National HealthCare Corporation (NYSEAMERICAN:NHC - Free Report) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,055 shares of the company's stock after selling 16,605 shares during the quarter. Alps Advisors Inc. owned about 0.45% of National HealthCare worth $15,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of NHC. Signaturefd LLC grew its stake in shares of National HealthCare by 5.3% in the 3rd quarter. Signaturefd LLC now owns 1,010 shares of the company's stock worth $222,000 after buying an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in National HealthCare by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company's stock valued at $50,000 after buying an additional 69 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in National HealthCare by 1.2% during the first quarter. The Manufacturers Life Insurance Company now owns 6,048 shares of the company's stock valued at $966,000 after buying an additional 70 shares during the last quarter. Hsbc Holdings PLC raised its stake in National HealthCare by 1.2% during the first quarter. Hsbc Holdings PLC now owns 7,969 shares of the company's stock valued at $1,275,000 after buying an additional 93 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in National HealthCare by 56.6% during the third quarter. Sterling Capital Management LLC now owns 310 shares of the company's stock valued at $68,000 after buying an additional 112 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other National HealthCare news, VP Vicki L. Dodson sold 4,834 shares of National HealthCare stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $225.00, for a total value of $1,087,650.00. Following the completion of the transaction, the vice president directly owned 10,726 shares of the company's stock, valued at approximately $2,413,350. The trade was a 31.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Fowler Flatt sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $237.08, for a total transaction of $355,620.00. Following the completion of the transaction, the chief executive officer owned 65,487 shares in the company, valued at approximately $15,525,657.96. This represents a 2.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 17,645 shares of company stock valued at $3,991,668. 13.92% of the stock is owned by company insiders.

National HealthCare Trading Up 0.6%

National HealthCare stock opened at $208.85 on Friday. The business's fifty day simple moving average is $224.02 and its two-hundred day simple moving average is $195.47. National HealthCare Corporation has a 12 month low of $124.25 and a 12 month high of $248.20. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 28.85 and a beta of 0.64.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.76 earnings per share for the quarter. The firm had revenue of $407.97 million during the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.

National HealthCare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, December 31st. National HealthCare's dividend payout ratio (DPR) is currently 61.89%.

National HealthCare Company 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.

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