National HealthCare Co. (NYSE:NHC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in National HealthCare Co. (NYSE:NHC) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 398,167 shares of the company’s stock after selling 8,800 shares during the quarter. Renaissance Technologies LLC owned 2.59% of National HealthCare worth $43,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of National HealthCare by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock worth $150,633,000 after purchasing an additional 74,911 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in National HealthCare by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock worth $110,788,000 after buying an additional 31,697 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of National HealthCare by 123.0% during the 2nd quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock worth $9,469,000 after acquiring an additional 48,182 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of National HealthCare by 4,448.7% during the 1st quarter. Lazard Asset Management LLC now owns 55,267 shares of the company’s stock worth $5,222,000 after acquiring an additional 54,052 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of National HealthCare by 139.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 49,627 shares of the company’s stock worth $5,380,000 after acquiring an additional 28,886 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

Insider Buying and Selling

In other news, SVP Brian F. Kidd sold 2,000 shares of the 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 sale, the senior vice president now directly owns 21,747 shares of the company’s stock, valued at $2,827,327.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.75% of the stock is currently owned by company insiders.

National HealthCare Price Performance

Shares of National HealthCare stock opened at $123.54 on Thursday. National HealthCare Co. has a 52 week low of $63.44 and a 52 week high of $138.49. The company has a 50 day moving average of $127.64. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 23.49 and a beta of 0.41.

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

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be given a $0.61 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.98%. National HealthCare’s dividend payout ratio (DPR) is presently 46.39%.

National HealthCare Profile

National HealthCare Corporation principally operates long-term health carecenters and home health care programs. Their health care centers provide subacute, skilled and intermediate nursing and rehabilitative care.