National HealthCare Co. (NYSE:NHC) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its position in National HealthCare Co. (NYSE:NHC) by 65.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,653 shares of the company’s stock after selling 10,528 shares during the quarter. Exchange Traded Concepts LLC’s holdings in National HealthCare were worth $711,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund acquired a new position in shares of National HealthCare in the 1st quarter worth approximately $745,000. UniSuper Management Pty Ltd purchased a new stake in National HealthCare during the 1st quarter worth approximately $366,000. TD Asset Management Inc increased its stake in National HealthCare by 51.7% during the 2nd quarter. TD Asset Management Inc now owns 13,500 shares of the company’s stock worth $1,463,000 after buying an additional 4,600 shares during the period. Miller Howard Investments Inc. NY purchased a new stake in National HealthCare during the 2nd quarter worth approximately $323,000. Finally, Marshall Wace LLP purchased a new stake in National HealthCare during the 2nd quarter worth approximately $228,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Stock Performance

Shares of NYSE:NHC opened at $122.47 on Friday. National HealthCare Co. has a 52 week low of $65.10 and a 52 week high of $138.49. The firm has a 50 day moving average price of $126.35. The stock has a market cap of $1.89 billion, a P/E ratio of 23.28 and a beta of 0.40.

National HealthCare (NYSE:NHC) last posted its earnings results on Friday, August 9th. The company reported $1.00 EPS for the quarter. The firm 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 Dividend Announcement

The business 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Monday, September 30th. National HealthCare’s dividend payout ratio (DPR) is 46.39%.

Insider Activity at National HealthCare

In other National HealthCare news, SVP Brian F. Kidd sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the transaction, the senior vice president now directly owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 13.75% of the company’s stock.

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.