Ballentine Partners LLC Buys New Shares in National HealthCare Co. (NYSE:NHC)

Ballentine Partners LLC bought a new stake in shares of National HealthCare Co. (NYSE:NHC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,770 shares of the company’s stock, valued at approximately $223,000.

Several other large investors have also recently bought and sold shares of NHC. Vanguard Group Inc. raised 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 valued at $150,633,000 after purchasing an additional 74,911 shares during the last quarter. Lazard Asset Management LLC raised its stake in National HealthCare by 4,448.7% during the 1st quarter. Lazard Asset Management LLC now owns 55,267 shares of the company’s stock valued at $5,222,000 after purchasing an additional 54,052 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of National HealthCare by 123.0% in the 2nd quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock valued at $9,469,000 after buying an additional 48,182 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of National HealthCare by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock valued at $110,788,000 after buying an additional 31,697 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of National HealthCare by 139.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 49,627 shares of the company’s stock valued at $5,380,000 after buying an additional 28,886 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Trading Up 1.3 %

Shares of NHC stock opened at $121.84 on Wednesday. National HealthCare Co. has a 52-week low of $66.16 and a 52-week high of $138.49. The firm has a market cap of $1.88 billion, a PE ratio of 20.55 and a beta of 0.40. The firm has a fifty day simple moving average of $125.32.

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

National HealthCare Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, September 30th. National HealthCare’s dividend payout ratio is 41.15%.

Insider Activity

In other news, SVP Brian F. Kidd sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total value of $260,020.00. Following the sale, the senior vice president now owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.75% of the company’s stock.

National HealthCare Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.