National HealthCare Co. (NHC) Director Sells $51,200.00 in Stock

National HealthCare Co. (NYSEAMERICAN:NHC) Director James Paul Abernathy sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $64.00, for a total value of $51,200.00. Following the sale, the director now directly owns 23,478 shares of the company’s stock, valued at approximately $1,502,592. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

National HealthCare Co. (NHC) traded down $1.71 on Thursday, hitting $63.19. The stock had a trading volume of 31,800 shares, compared to its average volume of 28,656. National HealthCare Co. has a 12 month low of $57.73 and a 12 month high of $78.99.

National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.75 earnings per share for the quarter. National HealthCare had a return on equity of 6.26% and a net margin of 4.41%. The company had revenue of $241.99 million during the quarter.

National HealthCare announced that its board has authorized a stock repurchase plan on Wednesday, August 9th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, December 29th will be given a $0.48 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.92 annualized dividend and a dividend yield of 3.04%. National HealthCare’s dividend payout ratio is 60.00%.

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A number of brokerages have issued reports on NHC. BidaskClub raised National HealthCare from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine cut National HealthCare from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd.

Institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in shares of National HealthCare by 235.0% in the second quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock valued at $110,000 after purchasing an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of National HealthCare by 286.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock valued at $146,000 after purchasing an additional 1,542 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of National HealthCare in the third quarter valued at $155,000. Legal & General Group Plc raised its stake in shares of National HealthCare by 3.0% in the second quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock valued at $195,000 after purchasing an additional 81 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of National HealthCare in the second quarter valued at $206,000.

About National HealthCare

National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.

Insider Buying and Selling by Quarter for National HealthCare (NYSEAMERICAN:NHC)

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