Timothy J. Shelly Sells 614 Shares of National HealthCare Co. (NYSE:NHC) Stock

National HealthCare Co. (NYSE:NHC - Get Free Report) VP Timothy J. Shelly sold 614 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $121.44, for a total transaction of $74,564.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

National HealthCare Stock Performance

Shares of NHC traded down $3.49 during trading hours on Monday, hitting $103.31. The company's stock had a trading volume of 56,590 shares, compared to its average volume of 54,563. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 12.95 and a beta of 0.43. The business has a 50 day simple moving average of $120.84 and a two-hundred day simple moving average of $122.45. National HealthCare Co. has a 52-week low of $87.03 and a 52-week high of $138.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77.

National HealthCare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, December 30th. National HealthCare's payout ratio is currently 30.58%.

Hedge Funds Weigh In On National HealthCare

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in National HealthCare by 35.5% in the third quarter. GAMMA Investing LLC now owns 313 shares of the company's stock worth $39,000 after buying an additional 82 shares during the period. Copeland Capital Management LLC bought a new position in shares of National HealthCare in the third quarter worth approximately $62,000. Reliant Investment Management LLC purchased a new stake in National HealthCare during the 3rd quarter valued at $203,000. Ballentine Partners LLC bought a new position in National HealthCare during the 3rd quarter valued at about $223,000. Finally, Marshall Wace LLP purchased a new stake in National HealthCare in the second quarter worth approximately $228,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 16th.

About National HealthCare

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.

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