1,614 Shares in National HealthCare Co. (NYSE:NHC) Bought by Reliant Investment Management LLC

Reliant Investment Management LLC acquired a new stake in shares of National HealthCare Co. (NYSE:NHC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,614 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors have also modified their holdings of NHC. Vanguard Group Inc. boosted its holdings in National HealthCare by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock worth $150,633,000 after buying an additional 74,911 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of National HealthCare by 4,448.7% in the first quarter. Lazard Asset Management LLC now owns 55,267 shares of the company’s stock worth $5,222,000 after acquiring an additional 54,052 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of National HealthCare by 123.0% during the second quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock worth $9,469,000 after purchasing an additional 48,182 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in National HealthCare by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock valued at $110,788,000 after purchasing an additional 31,697 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in National HealthCare by 139.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 49,627 shares of the company’s stock valued at $5,380,000 after purchasing an additional 28,886 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Trading Up 0.2 %

NYSE:NHC opened at $120.56 on Wednesday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 22.92 and a beta of 0.40. National HealthCare Co. has a twelve month low of $63.65 and a twelve month high of $138.49. The stock has a 50-day simple moving average of $126.81.

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

National HealthCare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, September 30th. National HealthCare’s payout ratio is 46.39%.

Insider Activity at National HealthCare

In other news, SVP Brian F. Kidd sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.75% of the stock is owned by insiders.

National HealthCare Company Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.