National HealthCare (NYSEAMERICAN:NHC) CEO Stephen Fowler Flatt Sells 1,500 Shares

National HealthCare Corporation (NYSEAMERICAN:NHC) CEO Stephen Fowler Flatt sold 1,500 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total value of $355,620.00. Following the completion of the sale, the chief executive officer owned 65,487 shares of the company’s stock, valued at $15,525,657.96. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

National HealthCare Trading Up 1.2%

NYSEAMERICAN NHC opened at $236.75 on Friday. The firm has a market capitalization of $3.71 billion, a PE ratio of 26.63 and a beta of 0.61. The business’s 50-day moving average price is $215.81 and its two-hundred day moving average price is $187.10. National HealthCare Corporation has a 12 month low of $109.81 and a 12 month high of $239.29.

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

National HealthCare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 30th. National HealthCare’s dividend payout ratio is currently 61.89%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NHC. Royal Bank Of Canada raised shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. BMO Capital Markets raised National HealthCare to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group raised National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Robert W. Baird raised National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, National HealthCare presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NHC. Strs Ohio bought a new position in shares of National HealthCare in the fourth quarter valued at $809,000. Militia Capital Management LLC acquired a new stake in shares of National HealthCare in the 1st quarter worth about $2,827,000. Morgan Stanley Institutional Investment Advisors LLC raised its holdings in shares of National HealthCare by 38.6% in the 4th quarter. Morgan Stanley Institutional Investment Advisors LLC now owns 1,038,787 shares of the company’s stock worth $142,407,000 after acquiring an additional 289,566 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in National HealthCare in the 1st quarter valued at about $878,000. Finally, First Trust Advisors LP boosted its stake in National HealthCare by 45.4% during the 1st quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock valued at $84,689,000 after purchasing an additional 165,615 shares during the last quarter. 56.44% of the stock is owned by institutional investors and hedge funds.

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.