SG Americas Securities LLC Sells 5,408 Shares of National HealthCare Corporation $NHC

SG Americas Securities LLC lowered its position in National HealthCare Corporation (NYSEAMERICAN:NHC) by 43.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,079 shares of the company’s stock after selling 5,408 shares during the period. SG Americas Securities LLC’s holdings in National HealthCare were worth $1,131,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of National HealthCare during the third quarter worth approximately $25,000. Quarry LP grew its position in National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the period. Kestra Advisory Services LLC bought a new stake in National HealthCare during the 4th quarter valued at $42,000. Simplex Trading LLC increased its stake in National HealthCare by 140.0% during the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after purchasing an additional 203 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in National HealthCare during the second quarter worth $58,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank Of Canada raised shares of National HealthCare to a “hold” rating in a research note on Monday, May 18th. Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group upgraded National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

National HealthCare Stock Performance

Shares of National HealthCare stock opened at $218.44 on Friday. The company has a market capitalization of $3.41 billion, a P/E ratio of 27.76 and a beta of 0.63. The stock has a fifty day simple moving average of $191.83 and a 200 day simple moving average of $166.92. National HealthCare Corporation has a 12-month low of $93.54 and a 12-month high of $219.03.

National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.The business had revenue of $381.82 million for the quarter.

National HealthCare Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is an increase from National HealthCare’s previous quarterly dividend of $0.64. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. National HealthCare’s payout ratio is 61.89%.

Insiders Place Their Bets

In other news, Director Lisa Piercey acquired 949 shares of National HealthCare stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $184.26 per share, with a total value of $174,862.74. Following the transaction, the director owned 949 shares of the company’s stock, valued at approximately $174,862.74. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.92% of the company’s stock.

About National HealthCare

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.