Jupiter Topco LLC Takes $1.29 Million Position in National HealthCare Corporation $NHC

Jupiter Topco LLC purchased a new stake in National HealthCare Corporation (NYSEAMERICAN:NHC) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,097 shares of the company’s stock, valued at approximately $1,288,000.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP purchased a new position in National HealthCare in the 2nd quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in National HealthCare during the 2nd quarter worth about $37,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of National HealthCare during the third quarter worth about $25,000. Quarry LP boosted its position in National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after buying an additional 165 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in National HealthCare in the fourth quarter valued at $42,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

National HealthCare Price Performance

NYSEAMERICAN NHC opened at $218.64 on Friday. National HealthCare Corporation has a 12 month low of $112.40 and a 12 month high of $239.29. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 24.59 and a beta of 0.62. The company’s fifty day moving average price is $220.98 and its two-hundred day moving average price is $191.71.

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

National HealthCare Dividend Announcement

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

Insider Buying and Selling at National HealthCare

In related news, Director David R. Gifford sold 1,779 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $225.42, for a total transaction of $401,022.18. Following the completion of the sale, the director directly owned 1,030 shares of the company’s stock, valued at approximately $232,182.60. This represents a 63.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Fowler Flatt sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $237.08, for a total transaction of $355,620.00. Following the sale, the chief executive officer owned 65,487 shares of the company’s stock, valued at $15,525,657.96. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 13.92% of the stock is currently owned by company insiders.

About National HealthCare

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.