23,217 Shares in National HealthCare Co. (NYSE:NHC) Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC acquired a new stake in shares of National HealthCare Co. (NYSE:NHC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,217 shares of the company's stock, valued at approximately $2,517,000. Hood River Capital Management LLC owned about 0.15% of National HealthCare at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Illinois Municipal Retirement Fund bought a new position in shares of National HealthCare in the first quarter worth approximately $745,000. Susquehanna Fundamental Investments LLC bought a new stake in National HealthCare in the 1st quarter worth $206,000. ProShare Advisors LLC increased its position in shares of National HealthCare by 7.3% in the first quarter. ProShare Advisors LLC now owns 2,539 shares of the company's stock valued at $240,000 after acquiring an additional 172 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of National HealthCare by 7.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 29,746 shares of the company's stock valued at $2,811,000 after acquiring an additional 2,186 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of National HealthCare by 4.9% during the first quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company's stock valued at $150,633,000 after acquiring an additional 74,911 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company's stock.

National HealthCare Stock Performance

Shares of NYSE:NHC opened at $127.12 on Tuesday. The firm's 50-day simple moving average is $128.18. The stock has a market cap of $1.96 billion, a P/E ratio of 24.17 and a beta of 0.41. National HealthCare Co. has a 1 year low of $63.44 and a 1 year high of $138.49.

National HealthCare (NYSE:NHC - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $300.66 million for the quarter. National HealthCare had a return on equity of 6.39% and a net margin of 7.74%.

National HealthCare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be issued a $0.61 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.44 annualized dividend and a yield of 1.92%. National HealthCare's dividend payout ratio (DPR) is presently 46.39%.

Insider Transactions at National HealthCare

In related news, SVP Brian F. Kidd sold 2,000 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the transaction, the senior vice president now owns 21,747 shares in the company, valued at $2,827,327.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.75% of the company's stock.

National HealthCare Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.