Texas Permanent School Fund Corp Has $1.09 Million Holdings in National HealthCare Co. (NYSE:NHC)

Texas Permanent School Fund Corp lessened its stake in National HealthCare Co. (NYSE:NHC) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,093 shares of the company’s stock after selling 1,710 shares during the quarter. Texas Permanent School Fund Corp’s holdings in National HealthCare were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in National HealthCare by 196.2% during the 2nd quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock worth $25,000 after acquiring an additional 153 shares during the period. EntryPoint Capital LLC bought a new position in shares of National HealthCare in the 1st quarter worth $58,000. Innealta Capital LLC acquired a new stake in shares of National HealthCare during the second quarter worth $98,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of National HealthCare during the first quarter worth $206,000. Finally, Blue Trust Inc. increased its holdings in National HealthCare by 6,700.0% in the second quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock valued at $221,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

Insider Activity

In other news, SVP Brian F. Kidd sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total value of $260,020.00. Following the completion of the transaction, the senior vice president now owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.75% of the stock is owned by company insiders.

National HealthCare Stock Up 0.8 %

NYSE:NHC opened at $126.76 on Friday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 24.10 and a beta of 0.41. National HealthCare Co. has a 1-year low of $63.44 and a 1-year high of $138.49. The firm has a 50-day moving average of $127.92.

National HealthCare (NYSE:NHC) last announced its quarterly earnings results on Friday, August 9th. The company reported $1.00 earnings per share for the quarter. National HealthCare had a net margin of 7.74% and a return on equity of 6.39%. The business had revenue of $300.66 million for the quarter.

National HealthCare Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be given a dividend of $0.61 per share. The ex-dividend date is Monday, September 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.92%. National HealthCare’s dividend payout ratio is 46.39%.

National HealthCare Profile

National HealthCare Corporation principally operates long-term health carecenters and home health care programs. Their health care centers provide subacute, skilled and intermediate nursing and rehabilitative care.