5,102 National HealthCare Corporation $NHC Shares Sold by Vest Financial LLC

Key Points

• Vest Financial LLC cut its National HealthCare stake by 10.2% in the third quarter, selling 5,102 shares and retaining 44,986 shares valued at approximately $9.875 million.
• Institutional ownership remains significant at 56.44%, with several other funds either initiating or increasing positions in NHC during the quarter.
• NHC shares opened at $243.07, near their 52-week high, while the company declared a quarterly dividend of $0.67 per share, or $2.68 annualized, representing a 1.1% yield.

Vest Financial LLC reduced its stake in shares of National HealthCare Corporation (NYSEAMERICAN:NHC - Free Report) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,986 shares of the company's stock after selling 5,102 shares during the quarter. Vest Financial LLC owned 0.29% of National HealthCare worth $9,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in shares of National HealthCare by 41.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,351 shares of the company's stock valued at $297,000 after acquiring an additional 398 shares during the period. Oath Planning LLC acquired a new stake in shares of National HealthCare in the 3rd quarter worth approximately $329,000. Reliant Investment Management LLC acquired a new stake in shares of National HealthCare in the 3rd quarter worth approximately $307,000. Fortitude Family Office LLC grew its holdings in shares of National HealthCare by 1,435.7% in the 3rd quarter. Fortitude Family Office LLC now owns 215 shares of the company's stock worth $47,000 after acquiring an additional 201 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in National HealthCare in the 3rd quarter valued at approximately $640,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Stock Performance

Shares of NHC stock opened at $243.07 on Friday. The stock has a fifty day moving average price of $227.44 and a 200 day moving average price of $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 1 year low of $118.14 and a 1 year high of $248.20.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.74 EPS for the quarter. The company had revenue of $408.03 million for the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.

National HealthCare Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.67 per share. 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 61.89%.

Insider Buying and Selling at National HealthCare

In related news, CEO Stephen Fowler Flatt sold 1,500 shares of the business's 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 sale, the chief executive officer directly owned 65,487 shares in the company, valued at $15,525,657.96. The trade was a 2.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Vicki L. Dodson sold 4,834 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $225.00, for a total transaction of $1,087,650.00. Following the completion of the sale, the vice president directly owned 10,726 shares in the company, valued at approximately $2,413,350. The trade was a 31.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 17,645 shares of company stock worth $3,991,668. Insiders own 13.92% of the company's stock.

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.

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