National HealthCare Corporation (NYSEAMERICAN:NHC) Shares Will Pay Quarterly Dividend of $0.67

National HealthCare Corporation (NYSEAMERICAN:NHC) announced a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, December 31st will be given a dividend of $0.67 per share on Friday, January 29th. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, December 31st.

National HealthCare Price Performance

Shares of National HealthCare stock traded down $5.36 during midday trading on Friday, hitting $202.26. 26,559 shares of the company were exchanged, compared to its average volume of 113,625. The firm has a market cap of $3.17 billion, a P/E ratio of 22.85 and a beta of 0.64. National HealthCare has a 52 week low of $124.25 and a 52 week high of $248.20. The firm has a 50 day simple moving average of $224.29 and a 200-day simple moving average of $195.12.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.76 EPS for the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.03%. The firm had revenue of $407.97 million for the quarter.

Insider Buying and Selling

In other news, VP Josh A. Mccreary sold 2,719 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $224.23, for a total value of $609,681.37. Following the completion of the transaction, the vice president owned 9,979 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David R. Gifford sold 1,779 shares of National HealthCare stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $225.42, for a total transaction of $401,022.18. Following the completion of the sale, the director owned 1,030 shares of the company’s stock, valued at $232,182.60. This represents a 63.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 17,645 shares of company stock valued at $3,991,668. Corporate insiders own 13.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its position in shares of National HealthCare by 54.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 2,816 shares of the company’s stock valued at $618,000 after purchasing an additional 993 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of National HealthCare by 16.8% in the third quarter. Ritholtz Wealth Management now owns 15,729 shares of the company’s stock worth $3,453,000 after buying an additional 2,260 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of National HealthCare in the third quarter worth approximately $2,223,000. D Orazio & Associates Inc. bought a new stake in National HealthCare during the third quarter valued at approximately $206,000. Finally, Allspring Global Investments Holdings LLC grew its position in National HealthCare by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 41,306 shares of the company’s stock valued at $9,226,000 after buying an additional 419 shares during the period. Institutional investors own 56.44% of the company’s stock.

About National HealthCare

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.