DF Dent & Co. Inc. Lowers Stake in National HealthCare Co. (NHC)

DF Dent & Co. Inc. reduced its stake in shares of National HealthCare Co. (NYSEMKT:NHC) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,051 shares of the company’s stock after selling 425 shares during the period. DF Dent & Co. Inc.’s holdings in National HealthCare were worth $284,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Acrospire Investment Management LLC lifted its position in National HealthCare by 235.0% during 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 during the period. BNP Paribas Arbitrage SA lifted its position in National HealthCare by 286.1% during 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 during the period. Legal & General Group Plc lifted its position in National HealthCare by 3.0% during 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 during the period. Principal Financial Group Inc. acquired a new position in National HealthCare during the second quarter valued at $206,000. Finally, Virtu KCG Holdings LLC lifted its position in National HealthCare by 9.0% during the second quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock valued at $229,000 after purchasing an additional 269 shares during the period.

NHC has been the subject of a number of research reports. ValuEngine downgraded shares of National HealthCare from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of National HealthCare from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th.

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In other news, SVP Jeffrey Russell Smith sold 1,848 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $62.78, for a total value of $116,017.44. Following the completion of the sale, the senior vice president now owns 3,111 shares in the company, valued at approximately $195,308.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

National HealthCare (NYSEMKT:NHC) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.70 earnings per share for the quarter. The firm had revenue of $239.46 million during the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%.

National HealthCare announced that its board has approved a stock buyback program on Wednesday, August 9th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, September 29th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, September 28th. National HealthCare’s dividend payout ratio is currently 52.94%.

National HealthCare Profile

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.

Institutional Ownership by Quarter for National HealthCare (NYSEMKT:NHC)

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