National HealthCare Corporation $NHC Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 335,517 shares of the company’s stock after selling 14,600 shares during the period. Renaissance Technologies LLC’s holdings in National HealthCare were worth $53,582,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NHC. Caitong International Asset Management Co. Ltd acquired a new stake in shares of National HealthCare during the third quarter valued at $25,000. Quarry LP raised its stake in National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in National HealthCare in the 4th quarter valued at about $42,000. Simplex Trading LLC lifted its holdings in National HealthCare by 140.0% in the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after purchasing an additional 203 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of National HealthCare during the 2nd quarter worth about $58,000. 56.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lisa Piercey purchased 949 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were bought at an average price of $184.26 per share, for a total transaction of $174,862.74. Following the acquisition, the director directly owned 949 shares in the company, valued at $174,862.74. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 13.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BMO Capital Markets upgraded shares of National HealthCare to a “hold” rating in a report on Monday, May 18th. Royal Bank Of Canada upgraded shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group upgraded National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Finally, Robert W. Baird upgraded National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

National HealthCare Price Performance

NHC opened at $225.69 on Monday. National HealthCare Corporation has a 12 month low of $93.99 and a 12 month high of $232.25. The business has a 50-day moving average of $203.09 and a two-hundred day moving average of $175.53. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 28.68 and a beta of 0.63.

National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%. The business had revenue of $381.82 million for the quarter.

National HealthCare Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.67 per share. This is an increase from National HealthCare’s previous quarterly dividend of $0.64. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th. National HealthCare’s payout ratio is 61.89%.

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.