Josh Mccreary Sells 2,719 Shares of National HealthCare (NYSEAMERICAN:NHC) Stock

Key Points

• National HealthCare VP Josh Mccreary sold 2,719 shares at an average price of $224.23, generating approximately $609,681. After the sale, his holdings fell 21.41% to 9,979 shares.
• NHC shares rose 1.5% to $227.76, giving the company a market capitalization of about $3.57 billion. The company recently reported quarterly earnings of $1.74 per share on revenue of $408.03 million.
• National HealthCare declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a 1.2% yield. Analysts’ average rating remains “Buy,” while institutional investors own 56.44% of the stock.

National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) VP Josh Mccreary sold 2,719 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $224.23, for a total value of $609,681.37. Following the completion of the transaction, the vice president owned 9,979 shares in the company, valued at $2,237,591.17. This represents a 21.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

National HealthCare Trading Up 1.5%

National HealthCare stock traded up $3.29 during trading on Monday, hitting $227.76. 67,028 shares of the company were exchanged, compared to its average volume of 110,383. The company has a market capitalization of $3.57 billion, a P/E ratio of 25.62 and a beta of 0.62. The business's 50 day moving average is $221.96 and its 200 day moving average is $194.09. National HealthCare Corporation has a 52 week low of $114.59 and a 52 week high of $239.29.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.74 earnings per share for the quarter. The business 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. National HealthCare's dividend payout ratio is presently 61.89%.

Hedge Funds Weigh In On National HealthCare

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of National HealthCare by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company's stock worth $50,000 after buying an additional 69 shares during the period. The Manufacturers Life Insurance Company boosted its position in National HealthCare by 1.2% during the 1st 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 period. ProShare Advisors LLC grew its holdings in National HealthCare by 3.3% in the 4th 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. Hsbc Holdings PLC grew its holdings in National HealthCare by 1.2% in the 1st quarter. Hsbc Holdings PLC now owns 7,969 shares of the company's stock worth $1,275,000 after acquiring an additional 93 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in shares of National HealthCare in the second quarter valued at about $27,000. Hedge funds and other institutional investors own 56.44% of the company's stock.

Wall Street Analysts Forecast Growth

NHC has been the subject of several recent analyst reports. BMO Capital Markets raised National HealthCare to a "hold" rating in a report on Monday, May 18th. Robert W. Baird upgraded National HealthCare to a "strong-buy" rating in a report on Monday, May 18th. Royal Bank Of Canada raised 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 research note 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 stock. According to MarketBeat, the company presently has an average rating of "Buy".

About National HealthCare

National HealthCare Corporation (NHC) is a provider of post-acute health care and senior living services headquartered in Murfreesboro, Tennessee. The company operates skilled nursing and rehabilitation centers, assisted living and retirement communities, and other services designed to support patients and residents who need short-term recovery, long-term care or assistance with daily living.

NHC also provides home health, hospice and palliative care, behavioral health services, and pharmacy services.

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