Royal Bank of Canada reduced its stake in shares of National HealthCare Co. (NYSEAMERICAN:NHC) by 15.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,093 shares of the company’s stock after selling 383 shares during the period. Royal Bank of Canada’s holdings in National HealthCare were worth $146,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its holdings in shares of National HealthCare by 235.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock worth $110,000 after acquiring an additional 1,100 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of National HealthCare by 286.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock worth $146,000 after acquiring an additional 1,542 shares during the period. Legal & General Group Plc lifted its holdings in shares of National HealthCare by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock worth $195,000 after acquiring an additional 81 shares during the period. Principal Financial Group Inc. purchased a new position in shares of National HealthCare during the 2nd quarter worth about $206,000. Finally, Virtu KCG Holdings LLC lifted its holdings in shares of National HealthCare by 9.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock worth $229,000 after acquiring an additional 269 shares during the period.
In other news, Director James Paul Abernathy sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $64.00, for a total transaction of $51,200.00. Following the completion of the sale, the director now owns 23,478 shares of the company’s stock, valued at $1,502,592. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey Russell Smith sold 1,848 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $62.78, for a total transaction of $116,017.44. Following the sale, the senior vice president now directly owns 3,111 shares of the company’s stock, valued at approximately $195,308.58. The disclosure for this sale can be found here.
National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.75 EPS for the quarter. The firm had revenue of $241.99 million for the quarter. National HealthCare had a net margin of 4.62% and a return on equity of 6.60%.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, December 29th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.92%. National HealthCare’s dividend payout ratio is currently 60.00%.
Several research firms recently commented on NHC. BidaskClub upgraded shares of National HealthCare from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 18th. ValuEngine lowered shares of National HealthCare from a “hold” rating to a “sell” rating in a report on Monday, October 2nd.
National HealthCare Company 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.
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