Louisiana State Employees Retirement System Cuts Holdings in National HealthCare Co. (NYSE:NHC)

Louisiana State Employees Retirement System lowered its position in shares of National HealthCare Co. (NYSE:NHC) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the company’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in National HealthCare were worth $755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in National HealthCare by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock valued at $150,633,000 after purchasing an additional 74,911 shares during the period. Dimensional Fund Advisors LP lifted its position in National HealthCare by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock valued at $110,788,000 after acquiring an additional 31,697 shares in the last quarter. Victory Capital Management Inc. increased its holdings in National HealthCare by 123.0% in the 2nd quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock worth $9,469,000 after buying an additional 48,182 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in National HealthCare by 30.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock valued at $8,136,000 after buying an additional 15,061 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in National HealthCare by 4,448.7% in the first quarter. Lazard Asset Management LLC now owns 55,267 shares of the company’s stock valued at $5,222,000 after acquiring an additional 54,052 shares during the period. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Brian F. Kidd sold 2,000 shares of National HealthCare stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $130.01, for a total value of $260,020.00. Following the completion of the transaction, the senior vice president now owns 21,747 shares in the company, valued at approximately $2,827,327.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.75% of the company’s stock.

National HealthCare Stock Down 2.3 %

Shares of National HealthCare stock opened at $116.80 on Tuesday. The stock’s fifty day simple moving average is $124.53. The stock has a market cap of $1.80 billion, a PE ratio of 19.70 and a beta of 0.41. National HealthCare Co. has a 1-year low of $69.12 and a 1-year high of $138.49.

National HealthCare (NYSE:NHC) last issued its quarterly earnings results on Friday, August 9th. The company reported $1.00 earnings per share for the quarter. The business had revenue of $300.66 million for the quarter. National HealthCare had a net margin of 7.74% and a return on equity of 6.39%.

National HealthCare Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.44 annualized dividend and a yield of 2.09%. National HealthCare’s payout ratio is 41.15%.

National HealthCare 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.