National HealthCare Corporation $NHC Stock: ProShare Advisors LLC Raises Position

ProShare Advisors LLC increased its position in National HealthCare Corporation (NYSEAMERICAN:NHC) by 2,411.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 46,433 shares of the company’s stock after acquiring an additional 44,584 shares during the period. ProShare Advisors LLC’s holdings in National HealthCare were worth $10,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of National HealthCare during the second quarter valued at approximately $417,602,000. Morgan Stanley Institutional Investment Advisors LLC purchased a new stake in National HealthCare in the 2nd quarter worth approximately $217,391,000. First Trust Advisors LP grew its stake in National HealthCare by 45.4% in the 1st quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock worth $84,689,000 after acquiring an additional 165,615 shares during the period. Bank of New York Mellon Corp purchased a new stake in National HealthCare in the 2nd quarter worth approximately $25,854,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in National HealthCare by 407.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 75,257 shares of the company’s stock valued at $12,019,000 after acquiring an additional 60,420 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Insider Activity

In related news, VP Josh A. Mccreary sold 2,719 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $224.23, for a total transaction of $609,681.37. Following the transaction, the vice president directly owned 9,979 shares in the company, valued at approximately $2,237,591.17. This represents a 21.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Kidd sold 6,813 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $225.70, for a total value of $1,537,694.10. Following the completion of the sale, the chief financial officer directly owned 23,183 shares in the company, valued at approximately $5,232,403.10. The trade was a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,645 shares of company stock valued at $3,991,668 in the last three months. Company insiders own 13.92% of the company’s stock.

National HealthCare Stock Performance

Shares of NHC opened at $205.83 on Wednesday. National HealthCare Corporation has a fifty-two week low of $120.23 and a fifty-two week high of $248.20. The company has a market capitalization of $3.22 billion, a PE ratio of 29.12 and a beta of 0.64. The stock has a fifty day moving average of $224.89 and a two-hundred day moving average of $194.40.

National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. The business had revenue of $408.03 million for the quarter. National HealthCare had a return on equity of 10.03% and a net margin of 9.00%.

National HealthCare Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, September 30th. National HealthCare’s dividend payout ratio is presently 61.89%.

National HealthCare Company Profile

National HealthCare Corporation (NHC) is a provider of post-acute and senior healthcare services. The company operates skilled nursing centers, assisted living and memory care communities, and rehabilitation facilities. Its services are designed to support patients recovering from illness or injury, as well as older adults requiring long-term residential care.

NHC also provides home healthcare, hospice, and private-duty nursing services, allowing patients to receive medical and supportive care in their homes or in hospice settings.