Vest Financial LLC Acquires New Stake in National HealthCare Co. $NHC

Vest Financial LLC bought a new position in National HealthCare Co. (NYSE:NHC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,584 shares of the company’s stock, valued at approximately $1,529,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NHC. Raymond James Financial Inc. bought a new stake in shares of National HealthCare in the second quarter valued at about $58,000. EverSource Wealth Advisors LLC lifted its stake in National HealthCare by 219.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 633 shares of the company’s stock valued at $68,000 after acquiring an additional 435 shares in the last quarter. Copeland Capital Management LLC boosted its position in National HealthCare by 18.3% during the 3rd quarter. Copeland Capital Management LLC now owns 723 shares of the company’s stock worth $88,000 after acquiring an additional 112 shares during the last quarter. AlphaQuest LLC grew its stake in shares of National HealthCare by 3,508.3% during the 2nd quarter. AlphaQuest LLC now owns 866 shares of the company’s stock worth $93,000 after acquiring an additional 842 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of National HealthCare in the second quarter valued at approximately $127,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

Insider Transactions at National HealthCare

In other National HealthCare news, VP Timothy J. Shelly sold 2,454 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $139.42, for a total transaction of $342,136.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 14.97% of the company’s stock.

National HealthCare Stock Performance

Shares of NHC stock opened at $144.95 on Friday. National HealthCare Co. has a 12 month low of $89.14 and a 12 month high of $146.45. The company’s fifty day simple moving average is $135.73 and its 200-day simple moving average is $120.86. The firm has a market cap of $2.25 billion, a PE ratio of 18.16 and a beta of 0.64. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14.

About National HealthCare

National HealthCare Corporation (NYSE: NHC) is a diversified provider of senior health care and related services, headquartered in Murfreesboro, Tennessee. Established in 1971, the company operates a network of post-acute and long-term care facilities, including skilled nursing centers, assisted living communities, independent living residences, and memory care units. In addition to its brick-and-mortar operations, the company offers home health, hospice, and rehabilitation services, aiming to support aging individuals at every stage of care.

The company’s skilled nursing facilities deliver 24-hour nursing services, therapy programs, and customized care plans designed to enhance patient recovery and quality of life.