Insider Selling: National Healthcare Corp. major shareholder Unloads 125,000 Shares of Stock (NHC)
National Healthcare Corp. (NYSE:NHC) major shareholder Health Corp National sold 125,000 shares of National Healthcare Corp. stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $55.96, for a total value of $6,995,000.00. Following the sale, the insider now directly owns 1,271,147 shares of the company’s stock, valued at approximately $71,133,386. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
National Healthcare Corp. (NYSE:NHC) traded up 0.23% during mid-day trading on Tuesday, hitting $56.09. The stock had a trading volume of 7,069 shares. National Healthcare Corp. has a 1-year low of $45.30 and a 1-year high of $58.92. The stock’s 50-day moving average is $56.19 and its 200-day moving average is $54.0. The company has a market cap of $797.7 million and a price-to-earnings ratio of 14.96.
National Healthcare Corp. (NYSE:NHC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $216.56 million for the quarter, compared to the consensus estimate of $192.01 million.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 1st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, September 26th.
National HealthCare Corporation (NYSE:NHC) is engaged in the operation of long-term health care centers with associated assisted living and independent living centers.
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