Ritholtz Wealth Management Purchases New Position in National HealthCare Corporation $NHC

Ritholtz Wealth Management purchased a new stake in National HealthCare Corporation (NYSEAMERICAN:NHC) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,686 shares of the company’s stock, valued at approximately $589,000.

Several other hedge funds have also recently bought and sold shares of NHC. Caitong International Asset Management Co. Ltd acquired a new stake in shares of National HealthCare in the 3rd quarter valued at $25,000. Quarry LP increased its position in shares of National HealthCare by 171.9% during the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares in the last quarter. Kestra Advisory Services LLC bought a new position in National HealthCare during the 4th quarter valued at about $42,000. Simplex Trading LLC lifted its holdings 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 during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in National HealthCare in the second quarter valued at about $58,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several 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 upgraded shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Finally, BMO Capital Markets raised National HealthCare to a “hold” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

National HealthCare Stock Up 2.4%

Shares of NYSEAMERICAN:NHC opened at $211.36 on Wednesday. National HealthCare Corporation has a 12 month low of $93.54 and a 12 month high of $213.31. The company’s 50-day moving average price is $188.86 and its two-hundred day moving average price is $165.47. The firm has a market cap of $3.30 billion, a P/E ratio of 26.86 and a beta of 0.64.

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

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 issued a $0.67 dividend. This is a positive change from National HealthCare’s previous quarterly dividend of $0.64. This represents a $2.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, June 30th. National HealthCare’s dividend payout ratio (DPR) is 59.12%.

Insider Transactions at National HealthCare

In other news, Director Lisa Piercey acquired 949 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $184.26 per share, for a total transaction of $174,862.74. Following the completion of the transaction, the director directly owned 949 shares in the company, valued at $174,862.74. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.92% of the stock is currently owned by corporate insiders.

National HealthCare Company Profile

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.