Blue Trust Inc. Acquires 2,917 Shares of National HealthCare Co. (NYSE:NHC)

Blue Trust Inc. raised its position in National HealthCare Co. (NYSE:NHC) by 143.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,957 shares of the company’s stock after acquiring an additional 2,917 shares during the period. Blue Trust Inc.’s holdings in National HealthCare were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its stake in National HealthCare by 13.2% in the third quarter. Creative Planning now owns 4,357 shares of the company’s stock valued at $548,000 after acquiring an additional 509 shares in the last quarter. Ritholtz Wealth Management boosted its stake in National HealthCare by 32.6% in the third quarter. Ritholtz Wealth Management now owns 10,372 shares of the company’s stock valued at $1,304,000 after acquiring an additional 2,548 shares in the last quarter. Reliant Investment Management LLC acquired a new stake in National HealthCare in the third quarter valued at approximately $203,000. GAMMA Investing LLC boosted its stake in National HealthCare by 35.5% in the third quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 82 shares in the last quarter. Finally, Central Valley Advisors LLC acquired a new stake in National HealthCare in the third quarter valued at approximately $673,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Trading Down 2.1 %

Shares of NHC opened at $119.65 on Tuesday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 22.74 and a beta of 0.40. National HealthCare Co. has a twelve month low of $65.15 and a twelve month high of $138.49. The company has a 50 day moving average price of $126.35.

National HealthCare (NYSE:NHC) last posted its quarterly earnings data on Friday, August 9th. The company reported $1.00 EPS 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 during the quarter.

National HealthCare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.61 per share. The ex-dividend date is Monday, September 30th. This represents a $2.44 annualized dividend and a dividend yield of 2.04%. National HealthCare’s payout ratio is currently 46.39%.

Insider Transactions at National HealthCare

In other news, SVP Brian F. Kidd sold 2,000 shares of National HealthCare stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction 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 approximately $2,827,327.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.75% of the company’s stock.

About National HealthCare

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.