Handelsbanken Fonder AB Purchases New Position in National HealthCare Corporation $NHC

Handelsbanken Fonder AB acquired a new position in National HealthCare Corporation (NYSEAMERICAN:NHC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,600 shares of the company’s stock, valued at approximately $761,000.

A number of other large investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of National HealthCare during the third quarter valued at approximately $25,000. Quarry LP boosted its holdings in National HealthCare by 171.9% in the third quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after acquiring an additional 165 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in National HealthCare during the 4th quarter valued at $42,000. EverSource Wealth Advisors LLC increased its position in National HealthCare by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after purchasing an additional 69 shares during the period. Finally, Simplex Trading LLC raised its holdings in National HealthCare by 140.0% in the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock worth $48,000 after purchasing an additional 203 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada upgraded shares of National HealthCare to a “hold” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group raised National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Insider Activity at National HealthCare

In related news, Director Lisa Piercey purchased 949 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 949 shares in the company, valued at $174,862.74. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.92% of the stock is currently owned by corporate insiders.

National HealthCare Trading Down 0.1%

Shares of NHC stock opened at $234.04 on Thursday. National HealthCare Corporation has a 12 month low of $109.53 and a 12 month high of $239.19. The stock has a market cap of $3.67 billion, a PE ratio of 26.33 and a beta of 0.61. The company’s fifty day moving average price is $215.00 and its 200-day moving average price is $186.44.

National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.03%. The company had revenue of $408.03 million during the quarter.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 30th. National HealthCare’s dividend payout ratio (DPR) is presently 61.89%.

National HealthCare Company 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.