Rhumbline Advisers Decreases Stake in National HealthCare Co. (NYSE:NHC)

Rhumbline Advisers decreased its position in shares of National HealthCare Co. (NYSE:NHC) by 1.5% in the second quarter, HoldingsChannel reports. The firm owned 49,621 shares of the company’s stock after selling 750 shares during the quarter. Rhumbline Advisers’ holdings in National HealthCare were worth $5,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NHC. Illinois Municipal Retirement Fund purchased a new position in shares of National HealthCare during the 1st quarter valued at approximately $745,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of National HealthCare in the 1st quarter valued at $206,000. ProShare Advisors LLC lifted its holdings in shares of National HealthCare by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 2,539 shares of the company’s stock worth $240,000 after acquiring an additional 172 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in National HealthCare by 7.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 29,746 shares of the company’s stock worth $2,811,000 after acquiring an additional 2,186 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in National HealthCare by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock worth $150,633,000 after buying an additional 74,911 shares during the period. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Price Performance

NHC stock opened at $124.65 on Friday. The stock’s 50 day moving average price is $127.23. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 23.70 and a beta of 0.41. National HealthCare Co. has a fifty-two week low of $63.44 and a fifty-two week high of $138.49.

National HealthCare (NYSE:NHC) last issued its earnings results on Friday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $300.66 million during the quarter. National HealthCare had a net margin of 7.74% and a return on equity of 6.39%.

National HealthCare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.44 dividend on an annualized basis and a yield of 1.96%. National HealthCare’s payout ratio is 46.39%.

Insider Activity

In other news, SVP Brian F. Kidd sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total value of $260,020.00. Following the completion of the sale, the senior vice president now owns 21,747 shares in the company, valued at approximately $2,827,327.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.75% of the company’s stock.

About National HealthCare

National HealthCare Corporation principally operates long-term health carecenters and home health care programs. Their health care centers provide subacute, skilled and intermediate nursing and rehabilitative care.