Insider Selling: National HealthCare Co. (NYSE:NHC) VP Sells $74,564.16 in Stock

National HealthCare Co. (NYSE:NHC) VP Timothy J. Shelly sold 614 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $121.44, for a total value of $74,564.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

National HealthCare Price Performance

NYSE NHC opened at $99.52 on Thursday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 12.47 and a beta of 0.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The stock’s fifty day moving average price is $119.67 and its 200 day moving average price is $122.24. National HealthCare Co. has a 1 year low of $87.03 and a 1 year high of $138.49.

National HealthCare Dividend Announcement

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 paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, December 30th. National HealthCare’s payout ratio is 30.58%.

Institutional Investors Weigh In On National HealthCare

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of National HealthCare by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock valued at $5,417,000 after acquiring an additional 2,419 shares during the last quarter. Franklin Resources Inc. boosted its holdings in National HealthCare by 6.5% in the third quarter. Franklin Resources Inc. now owns 6,655 shares of the company’s stock valued at $806,000 after purchasing an additional 409 shares during the last quarter. Hohimer Wealth Management LLC acquired a new stake in National HealthCare during the 3rd quarter worth about $274,000. Barclays PLC raised its stake in shares of National HealthCare by 345.6% during the 3rd quarter. Barclays PLC now owns 21,063 shares of the company’s stock valued at $2,649,000 after buying an additional 16,336 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of National HealthCare by 213.3% in the 3rd quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock valued at $3,633,000 after buying an additional 19,667 shares during the period. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Analysts Set New Price Targets

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

National HealthCare Company 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.