National HealthCare Co. (NYSE:NHC) Insider Sells $3,200,595.37 in Stock

National HealthCare Co. (NYSE:NHC) insider Health Corp National sold 28,147 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $113.71, for a total transaction of $3,200,595.37. Following the completion of the transaction, the insider now directly owns 1,056,616 shares in the company, valued at $120,147,805.36. This trade represents a 2.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

National HealthCare Price Performance

NYSE:NHC opened at $109.62 on Friday. The company has a market capitalization of $1.69 billion, a P/E ratio of 13.74 and a beta of 0.43. The business’s 50-day moving average is $122.04 and its 200 day moving average is $122.22. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 12 month low of $87.03 and a 12 month high of $138.49.

National HealthCare Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a dividend of $0.61 per share. The ex-dividend date is Monday, December 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.23%. National HealthCare’s dividend payout ratio is currently 30.58%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

Institutional Investors Weigh In On National HealthCare

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in National HealthCare by 35.5% during the third quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 82 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of National HealthCare in the 3rd quarter valued at about $62,000. Innealta Capital LLC purchased a new position in National HealthCare in the second quarter worth about $98,000. Reliant Investment Management LLC bought a new stake in National HealthCare during the third quarter worth approximately $203,000. Finally, Ballentine Partners LLC purchased a new stake in National HealthCare during the third quarter valued at approximately $223,000. Institutional investors own 56.44% of the company’s stock.

National HealthCare Company 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.