National HealthCare Co. (NYSE:NHC) Stock Position Trimmed by Creative Planning

Creative Planning cut its position in National HealthCare Co. (NYSE:NHC) by 8.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,848 shares of the company’s stock after selling 370 shares during the quarter. Creative Planning’s holdings in National HealthCare were worth $417,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of 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 buying an additional 153 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of National HealthCare in the 1st quarter worth approximately $58,000. Innealta Capital LLC bought a new stake in shares of National HealthCare in the 2nd quarter worth approximately $98,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of National HealthCare in the 1st quarter worth approximately $206,000. Finally, Blue Trust Inc. raised its holdings in shares of National HealthCare by 6,700.0% in the 2nd quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock worth $221,000 after purchasing an additional 2,010 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors.

Insider Activity at National HealthCare

In other National HealthCare news, SVP Brian F. Kidd sold 2,000 shares of National HealthCare 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 completion of the sale, the senior vice president now directly owns 21,747 shares in the company, valued at $2,827,327.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.75% of the stock is currently owned by insiders.

National HealthCare Price Performance

NYSE NHC opened at $124.88 on Thursday. The stock has a 50 day simple moving average of $126.30. National HealthCare Co. has a 12 month low of $65.10 and a 12 month high of $138.49. The company has a market cap of $1.92 billion, a P/E ratio of 23.74 and a beta of 0.40.

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

National HealthCare Dividend Announcement

The business 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 yield of 1.95%. The ex-dividend date is Monday, September 30th. National HealthCare’s payout ratio is presently 46.39%.

National HealthCare 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.