Central Valley Advisors LLC Takes Position in National HealthCare Co. (NYSE:NHC)

Central Valley Advisors LLC acquired a new position in shares of National HealthCare Co. (NYSE:NHC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,352 shares of the company’s stock, valued at approximately $673,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of National HealthCare by 196.2% during the 2nd quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 153 shares during the period. EntryPoint Capital LLC acquired a new stake in National HealthCare in the first quarter worth $58,000. Innealta Capital LLC bought a new position in shares of National HealthCare during the second quarter worth $98,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of National HealthCare in the 1st quarter valued at $206,000. Finally, Blue Trust Inc. increased its position in shares of National HealthCare by 6,700.0% in the 2nd quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock valued at $221,000 after buying an additional 2,010 shares in the last quarter. Institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Up 1.1 %

National HealthCare stock traded up $1.38 during mid-day trading on Friday, hitting $123.02. 37,190 shares of the company’s stock were exchanged, compared to its average volume of 65,149. National HealthCare Co. has a fifty-two week low of $63.65 and a fifty-two week high of $138.49. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 23.39 and a beta of 0.40. The company has a 50 day moving average price of $127.43.

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

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, September 30th. National HealthCare’s dividend payout ratio (DPR) is presently 46.39%.

Insider Transactions at National HealthCare

In related news, SVP Brian F. Kidd sold 2,000 shares of the business’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 sale, the senior vice president now directly owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.75% of the stock is owned by insiders.

About National HealthCare

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.