M Holdings Securities Inc. Purchases New Stake in National HealthCare Corporation $NHC

M Holdings Securities Inc. purchased a new stake in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 463,194 shares of the company’s stock, valued at approximately $56,283,000. National HealthCare comprises about 11.9% of M Holdings Securities Inc.’s investment portfolio, making the stock its 2nd biggest position. M Holdings Securities Inc. owned approximately 2.99% of National HealthCare at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of National HealthCare by 1.9% in the second quarter. Geode Capital Management LLC now owns 310,747 shares of the company’s stock valued at $33,257,000 after purchasing an additional 5,747 shares during the period. First Trust Advisors LP boosted its holdings in shares of National HealthCare by 556.4% during the 3rd quarter. First Trust Advisors LP now owns 207,483 shares of the company’s stock worth $25,211,000 after buying an additional 175,873 shares during the period. Alps Advisors Inc. boosted its holdings in shares of National HealthCare by 19.9% during the 3rd quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock worth $21,386,000 after buying an additional 29,246 shares during the period. Bank of New York Mellon Corp grew its stake in National HealthCare by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 121,383 shares of the company’s stock valued at $12,989,000 after buying an additional 3,513 shares during the last quarter. Finally, Systematic Financial Management LP grew its stake in National HealthCare by 1.7% in the 2nd quarter. Systematic Financial Management LP now owns 120,063 shares of the company’s stock valued at $12,848,000 after buying an additional 2,000 shares during the last quarter. 56.44% of the stock is owned by institutional investors.

Insider Transactions at National HealthCare

In other National HealthCare news, VP Timothy J. Shelly sold 2,454 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $139.42, for a total value of $342,136.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 14.97% of the stock is owned by company insiders.

National HealthCare Stock Up 3.6%

National HealthCare stock opened at $161.44 on Friday. The company’s 50-day moving average price is $152.16 and its two-hundred day moving average price is $135.11. The stock has a market cap of $2.51 billion, a P/E ratio of 21.05 and a beta of 0.60. National HealthCare Corporation has a twelve month low of $89.14 and a twelve month high of $174.54.

National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.83 earnings per share (EPS) for the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.The company had revenue of $386.51 million during the quarter.

National HealthCare Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.64 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.56 annualized dividend and a yield of 1.6%. National HealthCare’s payout ratio is 59.12%.

National HealthCare Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.