National HealthCare Corporation $NHC Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) by 22.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,657 shares of the company’s stock after acquiring an additional 3,007 shares during the quarter. Sei Investments Co. owned 0.11% of National HealthCare worth $2,660,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NHC. Mariner LLC grew its stake in shares of National HealthCare by 0.9% during the 4th quarter. Mariner LLC now owns 6,839 shares of the company’s stock worth $938,000 after purchasing an additional 59 shares during the period. ProShare Advisors LLC lifted its stake in shares of National HealthCare by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock valued at $338,000 after purchasing an additional 78 shares during the period. Hsbc Holdings PLC lifted its stake in shares of National HealthCare by 1.2% in the 1st quarter. Hsbc Holdings PLC now owns 7,969 shares of the company’s stock valued at $1,275,000 after purchasing an additional 93 shares during the period. Corient Private Wealth LLC boosted its holdings in National HealthCare by 3.3% during the fourth quarter. Corient Private Wealth LLC now owns 4,499 shares of the company’s stock worth $617,000 after buying an additional 144 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in National HealthCare by 2.2% during the fourth quarter. State of Alaska Department of Revenue now owns 7,161 shares of the company’s stock worth $981,000 after buying an additional 152 shares in the last quarter. 56.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lisa Piercey purchased 949 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of $184.26 per share, with a total value of $174,862.74. Following the purchase, the director owned 949 shares of the company’s stock, valued at $174,862.74. This represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.92% of the company’s stock.

Analysts Set New Price Targets

NHC has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Royal Bank Of Canada raised shares of National HealthCare to a “hold” rating in a research note on Monday, May 18th. BMO Capital Markets upgraded National HealthCare to a “hold” rating in a research report on Monday, May 18th. Finally, Robert W. Baird upgraded National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

National HealthCare Stock Performance

National HealthCare stock opened at $215.54 on Friday. The company’s fifty day moving average price is $209.03 and its 200 day moving average price is $181.45. National HealthCare Corporation has a 1 year low of $96.99 and a 1 year high of $232.67. The stock has a market capitalization of $3.37 billion, a P/E ratio of 24.25 and a beta of 0.61.

National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.74 earnings per share for the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.15%. The company had revenue of $408.03 million during the quarter.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. National HealthCare’s dividend payout ratio (DPR) is currently 61.89%.

National HealthCare Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.