B. Riley Wealth Advisors Inc. Sells 1,255 Shares of National HealthCare Co. (NYSE:NHC)

B. Riley Wealth Advisors Inc. decreased its position in National HealthCare Co. (NYSE:NHC) by 14.3% during the 2nd quarter, Holdings Channel reports. The firm owned 7,511 shares of the company’s stock after selling 1,255 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in National HealthCare were worth $819,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Illinois Municipal Retirement Fund bought a new stake in National HealthCare in the 1st quarter worth $745,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of National HealthCare in the first quarter worth about $206,000. ProShare Advisors LLC increased its holdings in National HealthCare by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 2,539 shares of the company’s stock valued at $240,000 after purchasing an additional 172 shares during the period. State Board of Administration of Florida Retirement System raised its position 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 valued at $2,811,000 after purchasing an additional 2,186 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in National HealthCare by 4.9% in 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. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Trading Up 1.1 %

Shares of NHC stock opened at $123.02 on Friday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 23.39 and a beta of 0.40. The stock has a 50 day simple moving average of $127.68. National HealthCare Co. has a fifty-two week low of $63.65 and a fifty-two week high of $138.49.

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

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be given a dividend of $0.61 per share. 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 is currently 46.39%.

Insider Buying and Selling

In other news, SVP Brian F. Kidd sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $130.01, for a total value of $260,020.00. Following the completion of the transaction, the senior vice president now owns 21,747 shares in the company, valued at $2,827,327.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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.