National HealthCare (NYSEAMERICAN:NHC) VP Vicki Dodson Sells 4,834 Shares of Stock

Key Points

• National HealthCare VP Vicki Dodson sold 4,834 shares at an average price of $225, generating $1.09 million. The sale reduced her holdings by 31.07%, leaving her with 10,726 shares.
• NHC shares recently traded at $224.87, near their 12-month high of $239.29, while the company reported quarterly EPS of $1.74 on revenue of $408.03 million.
• The company announced a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a 1.2% yield. Institutional investors own 56.44% of NHC’s outstanding stock.

National HealthCare Corporation (NYSEAMERICAN:NHC - Get Free Report) VP Vicki 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 owned 10,726 shares of the company's stock, valued at approximately $2,413,350. This trade represents a 31.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

National HealthCare Stock Performance

Shares of National HealthCare stock traded up $2.01 during mid-day trading on Wednesday, hitting $224.87. 98,806 shares of the stock were exchanged, compared to its average volume of 111,368. The company has a market capitalization of $3.52 billion, a P/E ratio of 25.29 and a beta of 0.62. The company has a 50-day simple moving average of $223.64 and a 200 day simple moving average of $197.03. National HealthCare Corporation has a 12 month low of $116.42 and a 12 month high of $239.29.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.74 EPS 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 Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th. National HealthCare's payout ratio is presently 61.89%.

Hedge Funds Weigh In On National HealthCare

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in National HealthCare during the second quarter worth about $417,602,000. Morgan Stanley Institutional Investment Advisors LLC purchased a new position in National HealthCare in the second quarter valued at about $217,391,000. First Trust Advisors LP grew its position in shares of 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 during the period. Bank of New York Mellon Corp bought a new position in shares of National HealthCare during the 2nd quarter valued at approximately $25,854,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of National HealthCare by 407.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 75,257 shares of the company's stock worth $12,019,000 after purchasing an additional 60,420 shares during the last quarter. Institutional investors own 56.44% of the company's stock.

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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