Exchange Traded Concepts LLC Has $711,000 Holdings in National HealthCare Co. (NYSE:NHC)

Exchange Traded Concepts LLC reduced its holdings in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 65.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,653 shares of the company's stock after selling 10,528 shares during the quarter. Exchange Traded Concepts LLC's holdings in National HealthCare were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of National HealthCare by 196.2% in the second quarter. GAMMA Investing LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 153 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of National HealthCare in the 1st quarter worth approximately $58,000. Innealta Capital LLC bought a new position in shares of National HealthCare during the second quarter worth about $98,000. Reliant Investment Management LLC acquired a new stake in shares of National HealthCare in the third quarter valued at approximately $203,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in National HealthCare during the 1st quarter valued at $206,000. 56.44% of the stock is owned by institutional investors and hedge funds.

National HealthCare Stock Performance

Shares of NYSE NHC traded down $1.84 during mid-day trading on Friday, reaching $122.24. 29,949 shares of the company traded hands, compared to its average volume of 64,161. National HealthCare Co. has a fifty-two week low of $65.10 and a fifty-two week high of $138.49. The company has a fifty day moving average of $126.35. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 23.24 and a beta of 0.40.

National HealthCare (NYSE:NHC - Get Free Report) last issued its earnings results on Friday, August 9th. The company reported $1.00 EPS for the quarter. The business had revenue of $300.66 million during 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 announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.44 annualized dividend and a yield of 2.00%. National HealthCare's dividend payout ratio (DPR) is currently 46.39%.

Insider Buying and Selling

In other National HealthCare news, SVP Brian F. Kidd sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $130.01, for a total value of $260,020.00. Following the sale, the senior vice president now owns 21,747 shares of the company's stock, valued at $2,827,327.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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.